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Published 1 year ago

Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products

Summary by Ground News
Circle received in-principle approval for a Major Payments Institution License. Paxos received its license to offer digital payment token services. Singapore is fighting to take back its perception to be one of the more crypto-friendly countries. But it continues to tread with caution for retail investors with Singapore's largest bank DBS only expanding its crypto trading services to accredited investors.

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