Ripple achieves another victory in its ongoing development, expanding its presence in the vibrant Asia-Pacific market.
On Wednesday, Ripple Markets APAC Pte Ltd announced that its Singapore subsidiary has successfully obtained a payments license from the Monetary Authority of Singapore to operate in the city-state without transaction thresholds.
“Since establishing Singapore as our Asia Pacific headquarters in 2017, the country has been pivotal to Ripple’s global business. We have hired exceptional talent and local leadership, doubling headcount over the past year, and plan to continue growing our presence in a progressive jurisdiction like Singapore.”
Singapore has established itself as a global leader in digital asset regulation, fostering innovation while prioritizing consumer protection and responsible growth. With a conducive environment for fintech and digital assets, it has become an attractive hub for businesses and financial institutions embracing cryptocurrency and blockchain technology.
In its statement, Ripple mentioned its plans to take advantage of this trend, focusing on the region for the adoption of its global payment solutions.The Future of EOS: The World’s Largest ICO With ENF CEO Yves La Rose
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore awards major payment institution license to Sygnum Bank subsidiaryThe MPI license enables Sygnum Singapore to extend its services offering to offer DPT trading services.
Read more »
Ripple gets formal approval for Singapore payments licenseRipple's Singapore-based entity has received the full license to offer digital payment services in the city-state.
Read more »
Ripple obtains full license to operate in Singapore as it expands in Asia-PacificRipple said on Wednesday that it has obtained a full license to operate in Singapore, a strategic step toward growing its presence in the Asia-Pacific region.
Read more »
Ripple Says Singapore License Formally ApprovedAfter a June in-principle approval, a subsidiary for Ripple has been granted its license by the Monetary Authority of Singapore.
Read more »
Ripple obtains digital asset license from Monetary Authority of SingaporeThe Major Payments Institution license lets Ripple offer regulated digital asset payment services in the country.
Read more »
XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to AppealBroader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows.
Read more »