ambcrypto.com: Singapore crypto exchange scores major regulatory win

• This achievement is seen as a strategic milestone for Upbit’s expansion.
• Upbit is one of several cryptocurrency-related entities that have made significant progress in obtaining regulatory approval in Singapore.

Upbit’s Singapore entity recently received in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license, allowing the exchange to offer digital payment token services to institutional investors.

While Upbit awaits full licensing, this…