Last Updated on June 7, 2023 by Bitfinsider
Circle has obtained a Major Payment Institution licence from the Monetary Authority of Singapore, allowing Circle Internet Singapore to offer digital payment token services and cross-border and domestic money transfer services in the city.
Circle stated in a press release that “this milestone represents a significant step forward for the future of regulated, transparent, and trusted dollar digital currencies in Singapore and the greater Asia region.”
In February, Circle collaborated with Tribe, the country’s first government-supported blockchain ecosystem developer, to establish an office in Singapore. The country’s monetary authority granted Circle Singapore In-Principle Approval as a Major Payment Institution Licence holder late last year.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
