Crypto Market Maker GSR Receives Singapore Crypto License
The license is the first awarded by Singapore to a crypto market maker.
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Singapore
The license is the first awarded by Singapore to a crypto market maker.
Bitstamp describes itself as the “first crypto exchange with major European Union (EU) presence to secure in-principle approval in Singapore.”
The company said that its initial target for the funding round was $35 million.
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.
Upbit said it is “poised to expand [its] range of offerings,” having acquired a MPI license.
The worldwide order by a British Virgin Islands court applies to founders Su Zhu, Kyle Davies and Davies’ wife, Kelly Chen.
Zhu is expected to be released from jail this month for good behavior, Bloomberg reported.
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.
The Monetary Authority of Singapore (MAS) has released the final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers.
The widespread use of central bank digital currencies (CBDCs) does not have enough justification at the moment as customers are so comfortable using today’s type of money, a senior Mastercard official has said.