MetaComp becomes the latest crypto exchange to receive Singapore license & More Trending News


Singapore-based crypto exchange MetaComp has been granted Singapore’s Major Payment Institution license, enabling it to provide digital asset exchange and custody providers to institutional traders from Thursday, Dec. 1.

See associated article: MAS says wants to do higher job explaining crypto coverage 

Fast info

  • The exchange introduced on Thursday that it was awarded the Monetary Authority of Singapore’s (MAS) license, permitting the exchange to present cross-border transfers and digital cost token providers to accredited shoppers in Singapore.

  • MAS, the nation’s central financial institution, has discouraged retail merchants from collaborating in cryptocurrency buying and selling, however nonetheless hopes to change into a “crypto hub” by way of tokenized property and programmable cash.

  • MetaComp is a subsidiary of MetaVerse Green Exchange (MVGX), a digital property exchange providing tokenized carbon credit, which moreover holds the Recognized Market Operator and Capital Market Services licenses in Singapore.

  • Singapore has been ramping up license grants in the latter half of this yr, awarding in-principle approvals to a rising listing of exchanges that features Coinbase and

See associated article: Chainlink, inexperienced asset exchange MVGX to discover crypto carbon buying and selling

MetaComp becomes the latest crypto exchange to receive Singapore license

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MetaComp becomes the latest crypto exchange to receive Singapore license

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MetaComp becomes the latest crypto exchange to receive Singapore license

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