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Independent Reserve Becomes First Australian Crypto Exchange Licensed in Singapore
Summary: Australian crypto exchange Independent Reserve has become one of the country’s first to be granted a Major Payment Institution Licence by the Monetary Authority of Singapore (“MAS”). The license grants the exchange the approval to conduct its business as a virtual asset service provider (VASP) within Singapore under the island-state’s Payment Services Act. “A well-regulated ...
Australian crypto exchange Independent Reserve has become one of the country’s first to be granted a Major Payment Institution Licence by the Monetary Authority of Singapore (“MAS”).
The license grants the exchange the approval to conduct its business as a virtual asset service provider (VASP) within Singapore under the island-state’s Payment Services Act.
“A well-regulated environment will benefit both investors and crypto industry stakeholders,” said Adrian Przelozny, CEO of Independent Reserve. “Singapore currently has the clearest and most detailed licensing requirements of any jurisdiction in Asia.”
By Amy Liu
Tags: Crypto Exchange,Independent Reserve
Link: Independent Reserve Becomes First Australian Crypto Exchange Licensed in Singapore [Copy]
