Singapore's regulatory landscape shifts as GSR Markets becomes one of the first crypto market makers to secure a Major Payment Institution license, signaling the city-state's commitment to fostering innovation while ensuring regulatory compliance.
Singapore’s regulatory landscape for the crypto market is evolving, and a recent milestone underscores this shift. GSR Markets, a prominent crypto market maker, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This marks a significant development as GSR Markets becomes one of the first entities in the digital asset sector to secure such approval.