Circle receives Major Payments Institution License from MAS
Circle issued Major Payments Institution License (in-principle approval) affecting Monetary Authority of Singapore on November 9, 2022.
- Primary
- Circle
- Counterparty
- Monetary Authority of Singapore
- Structure
- Major Payments Institution License (in-principle approval)
- Date
- November 9, 2022
- Sub-sector
- Crypto / Stablecoin
MAS approval enables Circle to offer digital payment tokens and cross-border/domestic money transfer services in Singapore, expanding USDC's regulatory footprint in APAC.
Source: techwireasia.com