Sygnum Singapore gets approval to offer crypto services
Sygnum Singapore has successfully secured in-principle approval of its Major Payment Institution License (MPIL) application from the Monetary Authority of Singapore (MAS). The license enables the bank to offer its clients regulated crypto brokerage service s. Sygnum Singapore, the Southeast Asian arm of Switzerland’s crypto-friendly Sygnum bank, is set to expand its digital assets services in the region, having successfully secured an in-principle approval of its Major Payment Institution License (MPIL) from the country’s financial watchdog. According to a press release, Sygnum’s MPIL will officially enable the bank to launch its regulated digital assets brokerage service in Singapore. The platform will support fiat on/off ramps for a vast array of crypto currencies while also offer ing users fast trade execution, deep liquidity, and more. Sygnum clients will each have a dedicated Relationship Manager that will always be available to cater to their needs. You might a...