Despite being subject to SEC regulation, Ripple persisted in its global expansion, unaffected by the looming decision. On June 22, Ripple got regulatory approval from the Monetary Authority of Singapore (MAS), which paved the way for its entry into the country of Southeast Asia.

Given that the MAS has only issued a few number of permits and licences to cryptocurrency companies, this clearance enables Ripple to provide regulated digital payment token products and services within Singapore. #cryptonewstoday #opbnb #crypto2023 #DOYR