Upbit Singapore Expands Institutional Foothold With Major Payment License From MAS

In a significant stride towards establishing a stronghold in the regulated digital asset landscape, Upbit Singapore proudly announces the acquisition of a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Meanwhile, this latest achievement, following the earlier in-principle approval in October 2023, positions Upbit Singapore as a pivotal player in Singapore’s burgeoning digital asset sector, aligning with the nation’s stringent regulatory standards.