Circle is newest recipient of Main Fee Establishment license in Singapore

Circle’s Singapore affiliate, Circle Web Singapore, has obtained a Main Fee Establishment (MPI) license from the Financial Authority of Singapore (MAS). Circle Singapore obtained in-principle MPI approval from MAS in November and opened its workplace within the city-state in Might.

An MPI license permits Circle to supply digital cost token providers and home and cross-border cash switch providers, in keeping with a press release launched by the fintech agency, which is the issuer of the (USDC) and Euro Coin (EUROC) stablecoins.

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