Coinspeaker
GSR Markets Bags Major Payments License in Singapore
In a bold move towards ensuring regulatory compliance, GSR Markets, a crypto market maker and liquidity provider, has received a Major Payment Institution license from the Monetary Authority of Singapore (MAS).
GSR Markets License Enters Historic Record
As highlighted in a recent Bloomberg report, the Singapore subsidiary of GSR Markets became one of the first firms to receive a full MPI license from Singapore regulators. At the moment, Paxos, Blockchain.com, Circle, and Coinbase Global Inc (NASDAQ: COIN) are among the 19 companies that currently hold an MPI license in Singapore and provide Bitcoin or digital payment token services.
GSR now holds Singapore’s Digital Payment Token Service license, which allows businesses to buy and sell “digital payment tokens”. Additionally, GSR can now provide spot over-the-counter and market-making services in Singapore.
Confirming the update, GSR Group CEO Jakob Palm
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