• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Ripple is officially licensed for payments in Singapore

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ripple mentioned it has officially obtained an MBI license from the Monetary Authority of Singapore (MAS), turning into a legal crypto transaction processor in the island nation.

Ripple is officially licensed for payments in Singapore

Related articles

Singapore has issued further regulations to limit cryptocurrency speculation

Singapore has issued even further laws to restrict cryptocurrency speculation

November 23, 2023
Paxos releases new USD-backed stablecoin in Singapore

Paxos releases new USD-backed stablecoin in Singapore

November 16, 2023

Approved at the finish of June, Ripple has finished the legal procedures and officially announced that it has obtained the Major Payment Institution (MBI) license from Singapore’s central financial institution MAS.

It’s official: Ripple is now completely licensed to supply digital payment token companies in Singapore @MAS_sg! Ripple is committed to offering authentic-globe crypto remedies for companies in APAC.

Learn additional: https://t.co/jD8xSc2pdd

— Ripple (@Ripple) October 4, 2023

This complete license will enable Ripple to increase as a legal cryptocurrency companies supplier in Singapore.

Ripple is the third firm to get an MBI license from a government company, following Circle in June and Coinbase a short while ago on October two.

Similar to Circle and Coinbase, Ripple also claims Singapore as a critical industry for its business enterprise. According to Ripple CEO Brad Garlinghouse, the firm has ramped up employing, doubling the amount of personnel more than the previous 12 months, and has produced numerous other efforts to enhance its presence in Singapore.

Ripple CEO Brad Garlinghouse mentioned in a statement:

“Under MAS’ leadership, Singapore has grown into a leading digital asset and fintech hub, striking a balance between innovation, consumer protection and responsible growth and accountability.”

As a consequence, Ripple intends to proceed to prioritize cryptocurrency adoption in Asia Pacific, as the area is one particular of the quickest increasing areas for the firm.

Currently, Ripple is even now engaged in a lawsuit with the US Securities Commission (SEC), accusing XRP of remaining a protection, which has lasted from 2020 to the existing. VIn July 2023, the court indirectly ruled that XRP is not a protection, this is thought of a key victory for Ripple in the lawsuit. Not lengthy right after, the SEC appealed the court’s selection, but it was rejected by the court on October three.

XRP value is growing somewhat by just about four% in response to the optimistic information.

XRP/USDT 15M frame chart taken at eleven:50am Oct four on Binance

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest problems in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: LicensedofficiallyPaymentsRippleSingapore
Share76Tweet47

Related Posts

Pi Network Faces High Volatility Ahead of Token Unlock

by shark
June 23, 2025
0

Pi Network anticipates market volatility as it approaches a major token unlock, with significant implications for valuation and user engagement.

Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision

by shark
June 23, 2025
0

Bitcoin's price fell due to the Federal Reserve's interest rate decision, impacting the cryptocurrency market with increased volatility and investor...

Congressman Massie Proposes Federal Reserve Abolition Bill

by shark
June 22, 2025
0

Rep. Thomas Massie's Bill to Abolish Federal Reserve: Implications for U.S. Financial System and Cryptocurrencies

Exposed Crypto OTC Scam Defrauds $50 Million

by shark
June 22, 2025
0

Large-scale crypto OTC scam hits investors, defrauding over $50 million in assets.

U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows

by shark
June 22, 2025
0

U.S. spot Bitcoin ETFs see significant inflows led by BlackRock, indicating strong institutional market confidence.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Pi Network Faces High Volatility Ahead of Token Unlock
  • Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision
  • Congressman Massie Proposes Federal Reserve Abolition Bill
  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • Semler Scientific Targets 105,000 BTC Holding by 2027
  • Pump.fun Delays Token Auction Amid Legal Challenges
  • Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7