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Australian Crypto Exchange Independent Reserve Got "In-Principle Approval" To Operate In Singapore
Summary: According to Coindesk, Independent Reserve, one of Australia's largest cryptocurrency exchanges, has obtained in-principle approval from the Monetary Authority of Singapore (MAS) to conduct digital payment businesses in the country. The company stated that it can operate as a regulated service provider under Singapore’s payment service law. Independent Reserve is also one of the first virtual ...
According to Coindesk, Independent Reserve, one of Australia's largest cryptocurrency exchanges, has obtained in-principle approval from the Monetary Authority of Singapore (MAS) to conduct digital payment businesses in the country.
The company stated that it can operate as a regulated service provider under Singapore’s payment service law.
Independent Reserve is also one of the first virtual asset service providers (VASP) approved in principle by the Singapore regulator. In order to obtain a license, VASP must ensure proper due diligence and adequate risk disclosure.
By Mary Liu
Tags: Independent Reserve,MAS,Regulation,Singapore
Link: Australian Crypto Exchange Independent Reserve Got "In-Principle Approval" To Operate In Singapore [Copy]
