Sygnum Singapore has received in-principle approval from the Monetary Authority of Singapore (MAS) for its license application as a major payment institution.
According to BlockBeats news on June 20th, Sygnum Singapore, a digital asset bank, recently announced that its Major Payment Institution License (MPIL) application has received in-principle approval from the Monetary Authority of Singapore (MAS), and will be launching regulated cryptocurrency brokerage services.
The platform offers fiat-to-digital asset gateways and a range of cryptocurrency trading execution services.