Ripple gets initial approval to provide digital asset services in Singapore
a blockchain-based payments company, has obtained initial regulatory approval from the Singapore Financial Regulator to offer digital asset payments and token products in the city-state. Ripple has confirmed the Authority’s approval Monetary Exchange (MAS) in a release today. The approval will allow its branchRipple Markets Asia Pacific, to further scale its On-Demand Liquidity. The ODL helps Ripple’s clients move XRP around the world without banks stepping in as intermediaries.
We are honored to have received initial approval of a Major Payments Institution License from the @MAS_sg – enabling us to offer regulated digital asset products and services and scale clients’ use of the #ODL.
We’re honored to obtain In-Principle Approval of a Major Payments Institution License from the @MAS_sg – allowing us to offer regulated digital asset products and services, and scale customer use of #ODL.Learn more: https://t.co/8Ylc3lZSeg
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