Upbit Singapore intends to expand its range of services in the country after securing a Major Payment Institution license.
Upbit, one of the largest crypto exchanges in South Korea, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) for its local branch, Upbit Singapore. The news was announced on Jan. 8 on Upbit’s official website.
Upbit Singapore intends to expand its range of services in the country after securing the MPI license. The exchange joins 15 other institutions holding MPI status in Singapore, including Ripple, Blockchain.com, Paxos, Coinbase and Revolut.
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Source: https://cointelegraph.com/news/south-korean-upbit-secures-license-in-singapore