Ripple Obtains Formal Approval for Singapore Payments License

Ripple said he received It is in its own right digital payment tokens Licence Since THE Monetary Authority of Singapore.

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Ripple said he has received THE in its own right Licence has function as A major Payments institution Since that of Singapore central bank, allowing he has continue operations In THE country After receive in principle approval In June.

In A October. 4 statement, THE business said It is local entity, Ripple Markets Asia Pacific Pte Ltd., was granted THE complete Licence by THE Monetary Authority of Singapore (MAS).

Incredibly proud of team @Ripple – just 4(!) month After We received OUR in principle approval Since @MAS_sg, We have NOW secure THE complete Major Payment Institution Licence For digital payment token services In Singapore. https://t.co/AH1sDUG4UE

— Brad Garlinghouse (@bgarlinghouse) October 4, 2023

Ripple chief Brad Garlinghouse said In THE statement that "Singapore has developed In A of THE leading financial technology And digital active hubs striking THE balance between innovation, consumer protection And responsible growth. »

Garlinghouse said Singapore was House has THE companies Asia Peaceful Headquarter Since 2017 And THE country "has has been pivot has Ripple global company."

Related: Ripple drawn back Since Fortress acquisition 20 days After ad

In It is statement, THE United State-based Ripple said on 90% of It is business East out of THE country And THE business will continue has to prioritize THE Asia Peaceful For adoption of It is crypt some products....