Singapore issues first “in-principle” regulatory license to a crypto exchange

The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This The post Singapore issues first “in-principle” regulatory license to a crypto exchange appeared first on Coingape.