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2 more firms get MAS approval to offer crypto payment services in S'pore
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They will join a small but growing list of service providers that were awarded the coveted Major Payment Institution licence.
PHOTO: REUTERS
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SINGAPORE - The Monetary Authority of Singapore (MAS) on Wednesday (March 16) gave in-principle approval (IPA) to two more fintech firms to expand their cryptocurrency businesses here.
Once all conditions under the IPA have been met, both Digital Treasures Center (DTC) and Hodlnaut will be able to provide cryptocurrency services in Singapore under the Payment Services Act.
