{"id":24375,"date":"2024-01-07T16:01:00","date_gmt":"2024-01-07T16:01:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4304977_AE04977_0"},"modified":"2024-01-07T16:01:00","modified_gmt":"2024-01-07T16:01:00","slug":"upbit-singapore-receives-mpi-licence-from-the-mas","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=24375","title":{"rendered":"Upbit Singapore receives MPI Licence from the MAS"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2244092\/Upbit_SG_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 8, 2024<\/span><\/span> \/PRNewswire\/ &#8212; Upbit Singapore is thrilled to announce a strategic achievement on its journey in the regulated digital asset ecosystem. The Monetary Authority of <span class=\"xn-location\">Singapore<\/span> (MAS) has granted a Major Payment Institution (MPI) licence to Upbit Singapore.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<\/p><\/div>\n<p>This achievement follows the earlier in-principle approval (IPA) announced in <span class=\"xn-chron\">October 2023<\/span>, demonstrating Upbit Singapore&#8217;s capability to comply with the Payment Services Act 2019. Now, the MPI licence enables Upbit Singapore to expand its digital asset business in alignment with <span class=\"xn-location\">Singapore&#8217;s<\/span> high regulatory standards.<\/p>\n<p>&quot;<span class=\"xn-location\">Singapore<\/span> has emerged as a global hub for digital asset innovation, and its significance for institutional business cannot be overstated. Upbit Singapore is poised to be the nexus of institutional activities, capitalising on <span class=\"xn-location\">Singapore&#8217;s<\/span> robust regulatory framework and its reputation as a leading financial centre in <span class=\"xn-location\">Asia<\/span>. This licence marks an important step for us to serve institutional and retail clients with cutting-edge digital asset solutions contributing to <span class=\"xn-location\">Singapore&#8217;s<\/span> thriving digital ecosystem<span id=\"spanHghlt9201\">,<\/span>&quot; said <span class=\"xn-person\">Alex Kim<\/span>, Founder and CEO of Upbit Singapore.<\/p>\n<p>With its MPI licence, Upbit Singapore became the latest regulated digital asset business in the portfolio of Upbit APAC, a prominent global digital asset group. Now, Upbit APAC operates regulated digital asset exchanges in <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Indonesia<\/span> and <span class=\"xn-location\">Thailand<\/span> along with VerifyVASP, a global top Travel Rule solution provider. The MPI licence secured by Upbit Singapore propels Upbit APAC&#8217;s expansion towards institutional and infrastructure-focused businesses, empowering committed builder<span id=\"spanHghlt6be2\">s.<\/span><\/p>\n<p><b>About Upbit Singapore:<\/b><\/p>\n<p>Upbit Singapore Pte. Ltd. is a wholly owned subsidiary of Upbit APAC Pte. Ltd. (Upbit APAC). As the holding company, Upbit APAC operates Upbit Exchange (<span class=\"xn-location\">Thailand<\/span>) Co., Ltd., a regulated digital asset exchange and broker under Thailand SEC, PT. Upbit Exchange Indonesia, a regulated digital asset exchange under Indonesia BAPPEBTI, and VerifyVASP Pte. Ltd., the world&#8217;s largest Travel Rule solution provider for digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Jan. 8, 2024 \/PRNewswire\/ &#8212; Upbit Singapore is thrilled to announce a strategic achievement on its journey in the regulated digital asset ecosystem. The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution (MPI) licence to Upbit Singapore. This achievement follows the earlier in-principle approval (IPA) announced in October 2023, demonstrating Upbit [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-24375","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Upbit Singapore receives MPI Licence from the MAS - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=24375\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upbit Singapore receives MPI Licence from the MAS - My Blog\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Jan. 8, 2024 \/PRNewswire\/ &#8212; Upbit Singapore is thrilled to announce a strategic achievement on its journey in the regulated digital asset ecosystem. 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