Two blockchain firms to be added to MAS’ licensing list

StraitsX and XREX have become the latest two blockchain firms to receive approval from MAS as major payment institutions (MPI) under the city’s payment service providers licensing scheme. They discussed their plans with FA.

Two crypto firms have recently announced that they have obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to provide digital asset-related offerings compliant with the watchdog’s requirements.

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