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Cumberland (major crypto market maker) received a full Major Payment Institution (MPI) licence from MAS on July 13, 2026, completing an in-principle approval from March. Cumberland SG Pte. Ltd. received a full MAS Major Payment Institution licence on July 13, 2026, completing an in-principle approval from March, authorising Digital Payment Token and Cross-Border Money Transfer services

This licence officially grants Cumberland access to Digital Payment Token (DPT) services and cross-border money transfers under the Payment Services Act

There are now 38 firms holding active MPI/DPT licences in Singapore as of July 7, 2026 — including Coinbase, OKX, BitGo, Anchorage, Gemini, GSR, HashKey, StraitsX, Circle MAS Licensed Crypto & Digital Asset Providers: 38 Firms, licence status last cross-referenced on Jul 7, 2026

MAS is selective, not lenient: At the same time this year, MAS also suspended the MPI licence of Bsquared Technology due to governance, outsourcing, risk management issues, and added Bybit Fintech to the Investor Alert List last June. Singapore keeps licensing cryptocurrency companies that comply while maintaining strict supervisory standards; earlier this year, MAS suspended the MPI licence of Bsquared Technology due to governance, outsourcing, and risk management issues, and added Bybit Fintech to the Investor Alert List. So the expansion pattern is: more licences are issued, but at the same time, oversight is getting tighter.

#AsianSemiStocksFallSKHynixDropsOver9% #EthereumBreaksDescendingTrendlineUp5.2% #FootballSeason2026 #Singapura

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