Ripple has been approved by the Central Bank of Singapore to expand its payment business scope.

GateNews

2025-12-01 06:55:51

ChainCatcher news, Ripple Labs' Singapore subsidiary Ripple Markets APAC has received approval from the Monetary Authority of Singapore (MAS) to expand the scope of regulated payment activities under its Major Payment Institution (MPI) license. Ripple has been in the Singapore market since 2017, and the region has become a key part of its global business. Company president Monica Long stated that this license expansion will enhance Ripple's investment capabilities in Singapore and provide Financial Institutions with a more efficient, faster, and secure funds transfer infrastructure.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments