#Ripple gets #MPI license in Singapore and here's why it's important!
_On the day the US court rejected the preliminary appeal submitted by the Securities and Exchange Commission. Ripple has scored another big win by securing in-principle approval for its Master Payments Institution (MPI) license from the central bank of #Singapore. “Four months later, Ripple is pleased to reveal the achievements of its subsidiary in Singapore,” said Ripple. #Ripple Markets APAC Pte Ltd. It has successfully obtained a full MPI license to provide tokenized digital payment services within Singapore.” This significant milestone highlights the practicality of cryptocurrency solutions for both businesses and financial institutions. This represents a pivotal step towards wider acceptance and use of digital assets.
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**Just In 🚨**: GSR Market, the Singapore subsidiary of cryptocurrency trading and market-making company GSR, has been granted provisional (in-principle) approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). With this license, GSR will have the capability to offer a range of payment services, including digital payment tokens (DPT), to customers in Singapore. #GSRMarket #Singapore #MPI #CryptoNews #Cryptocurrency