The Monetary Authority of Singapore (MAS) has provisionally greenlit Bitstamp, a leading crypto exchange, for a Major Payment Institution license. This pivotal step not only edges Bitstamp closer to operational freedom in Singapore but also marks a significant moment as the exchange becomes the first major EU-based crypto trading platform to receive such recognition from the MAS. With this in-principle nod, Bitstamp is set to enrich Singapore’s digital payment token services, reinforcing the city-state’s position as a burgeoning hub for digital assets and financial innovation. Singapore’s proactive regulatory stance, having already fully licensed giants like Blockchain.com, Circle, Coinbase, and Ripple, continues to underline its commitment to shaping a secure and dynamic future for the crypto economy. Bitstamp, with a rich history since 2011 and a global footprint spanning over 50 jurisdictions, including the UK, the Netherlands, France, and the U.S., is poised to further Singapore’s vision as a global center for digital assets.

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