Coinbase crypto alternate obtains fee license in Singapore

United States-based cryptocurrency alternate Coinbase (NASDAQ:) is increasing operations in Singapore after securing main regulatory approval from the nation’s central financial institution.

Coinbase has obtained a Main Cost Establishment (MPI) license from the Financial Authority of Singapore (MAS), the agency introduced on Oct. 1. The brand new license — coming one yr after Coinbase’s preliminary in-principle approval in Singapore — allows the corporate to broaden its digital fee token providers to people and establishments within the nation.

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