Circle is Latest Recipient of Major Payment Institution License in Singapore
Circle, the issuer of the USDC and EUROC stablecoins, has been granted a Major Payment Institution license from the Monetary Authority of Singapore. The license enables Circle to offer crypto payment services and both domestic and international money transfers. Circle sees Singapore as a crucial part of its global expansion and the city has become the company’s main hub in Asia. Other firms holding MPI licenses in Singapore include Crypto.com, DBS Vickers, and Revolut.
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Circle is Latest Recipient of Major Payment Institution License in Singapore
Circle, the issuer of the USDC and EUROC stablecoins, has been granted a Major Payment Institution license from the Monetary Authority of Singapore. The license enables Circle to offer crypto payment services and both domestic and international money transfers. Circle sees Singapore as a crucial part of its global expansion and the city has become the company’s main hub in Asia. Other firms holding MPI licenses in Singapore include Crypto.com, DBS Vickers, and Revolut.