A chart to understand Singapore’s “licensed” crypto institutions

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PANews
2 days ago
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The Monetary Authority of Singapore has issued 33 "Digital Payment Token (DPT)" Major Payment Institution licenses, covering exchanges/wallets, custody and compliance infrastructure, payment acquiring, and banking/brokerage four major tracks.

Coinbase, Circle, Anchorage, DBS Vickers, FOMO Pay, and others are all included. Under the compliance dividend, Singapore's crypto ecosystem is taking shape, with regional funds and institutions accelerating their gathering.

One picture to understand Singapore's 'licensed' crypto institutions

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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