The cryptocurrency exchange has landed a Major Payment Institution (MPI) licence from the regulator, and comes just one year after it also received its In Principle Approval (IPA), enabling it to kickstart operations and offer its products and services in the country.
In its attempt to gain a foothold it what it describes as a “vital” market, Coinbase has developed and released products “tailored specifically” for Singapore, including the launch of PayNow and FAST bank transfers earlier this year.
