BitGo Obtains In-Principle Approval for MPI License in Singapore!
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The post BitGo Obtains In-Principle Approval for MPI License in Singapore! appeared first on Coinpedia Fintech News
BitGo has received in-principle approval from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license. The license will allow BitGo to provide digital payment token services to clients in Singapore while awaiting a complete permit. MPI-licenced firms are exempt from transaction limits and can conduct payment services without restrictions. BitGo previously obtained a crypto custody license from Germany’s financial regulator, the German Federal Financial Supervisory Authority (BaFin), in October 2023.
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