Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Upbit Singapore has obtained a full digital asset license from MAS.
ADOPTION NEWS

Upbit Singapore has obtained a full digital asset license from MAS.

By Crypto FlexsJanuary 9, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Upbit Singapore has obtained a full digital asset license from MAS.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

The Singapore affiliate of South Korean cryptocurrency exchange Upbit has obtained a Principal Payment Institution (MPI) license from the city-state’s top financial regulator.

The license issued by the Monetary Authority of Singapore comes less than three months after the company received in-principle approval from the regulator in October.

“Upbit Singapore is poised to become a nexus of institutional activities, leveraging Singapore’s strong regulatory framework and reputation as Asia’s leading financial center,” said Alex Kim, Founder and CEO of Upbit Singapore. From the statement On Monday.

“We will increase the list of available digital assets along with providing liquidity and institutional services that prioritize customer protection measures,” Raks Sondhi, chief operating officer of Upbit Singapore, said in response to a query from The Block.

Upbit Singapore’s parent company, Upbit APAC, also operates cryptocurrency trading platforms in Thailand and Indonesia, according to the statement.

In Korea, Upbit Exchange is said to account for approximately 48% of the total spot cryptocurrency trading volume. data From CoinMarketCap. According to data, it processed $4.2 billion worth of cryptocurrency transactions in the last 24 hours. It is one of the five officially licensed exchanges in Korea along with Bithumb, Coinone, Korbit, and Gopax.

Update: Comment from Upbit Singapore added.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025
Most Popular

MoonPay Simplifies Cryptocurrency Transactions with BitPay Partner

May 7, 2024

Chainlink (LINK) Expands Run As Top ERC-20 Project in terms of Development Activities: Santiment

October 27, 2024

Is Ether Lee’s undervalued? -This indicator may have an answer

April 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.