Bitstamp, a leading cryptocurrency exchange, has announced it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Bitstamp to offer regulated digital payment token (DPT) services to customers in Singapore. The acquisition of the MPI license marks a significant milestone for Bitstamp's expansion in the Asia-Pacific region. It underscores their commitment to providing secure and compliant cryptocurrency trading services. Singapore's clear regulatory framework and position as a financial hub make it a strategic location for Bitstamp's growth. This development follows Bitstamp's acquisition by Robinhood, the popular US-based mobile trading platform. The Singapore license will likely synergize with Robinhood's broader strategy to offer comprehensive crypto services globally, potentially integrating Bitstamp's offerings into the Robinhood ecosystem. The move reinforces confidence in Singapore as a reputable jurisdiction for cryptocurrency businesses. ```