Singapore awards main fee establishment license to Sygnum Financial institution subsidiary

Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency financial institution Sygnum, acquired a license to supply crypto brokerage providers to accredited buyers and establishments in Singapore.

On Oct. 3, Sygnum Singapore introduced it acquired a Main Cost Establishment (MPI) license from the Financial Authority of Singapore (MAS). Talking to Cointelegraph, a Sygnum Singapore spokesperson revealed that the corporate transitioned from in-principle approval to a full license inside 4 months.

Proceed Studying on Coin Telegraph