The Monetary Authority of #Singapore (MAS) has officially granted Bitstamp a Major Payment Institution (MPI) license, allowing the exchange to offer digital payment token services to Singapore residents. This makes #Bitstamp the first major EU-based exchange to receive such approval in Singapore, signaling its strategic expansion into APAC markets
🔍 Why It Matters:
Regulatory Toughness: #MAS recently mandated licenses for all crypto exchanges, warning non-compliance could lead to expulsion or penalties .
Trust & Institutional Growth: Bitstamp’s approval bolsters Singapore’s reputation as a trusted hub for crypto and digital asset services .
Global Reach: With over 50 licenses worldwide, Bitstamp reinforces its strategy to serve institutions and retail users across Asia-Pacific .
📈 Market Impact:
Expect increased adoption of Bitstamp in Singapore, especially for institutions, fintech partners, and cross-border token payments. This move supports MAS's push for strong compliance in the crypto sector, setting a benchmark for global exchanges.
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