South Korean trade Upbit will get preliminary license nod from Singapore

The Singapore entity for Upbit, South Korea’s largest trade by quantity, has been given in-principal approval for a Main Fee Establishment (MPI) license in Singapore.

On Oct. 16, Upbit Singapore mentioned the Financial Authority of Singapore (MAS) gave the in-principle license nod, permitting it to proceed with digital cost token companies to institutional buyers whereas awaiting its full license.

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