On Wednesday, European crypto exchange Bitstamp announced it had received an In-Principle Approval (IPA) license in Singapore. This license comes as the exchange’s first crucial step for navigating the strict regulatory landscape of the country.
Bitstamp Secures IPA in Singapore
Bitstamp, the world’s longest-running crypto exchange, has secured approval for an In-Principle license from the Monetary Authority of Singapore (MAS). This step is crucial in obtaining the Major Payment Institution (MPI) license from the Southeast Asian country.
Big news! Bitstamp is the first crypto exchange with major EU presence with In-Principle License Approval in Singapore.
We’re paving the way for globally regulated crypto exchanges in Singapore and the APAC region.
More info: https://t.co/WdefHJiZXU pic.twitter.com/4D1NuU9PJW
— Bitstamp (@Bitstamp) March 6, 2024
The IPA license is part of the exchange’s global strategy to operate in the country in compliance with its Payment Ser
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