Crypto.com Achieves Landmark Milestone: Receives Payment Institution Licence from Monetary Authority of Singapore.

Crypto.com Celebrates Landmark Achievement: Secures Major Payment Institution Licence from Monetary Authority of Singapore! In a resounding victory for responsible innovation in the digital assets realm, Crypto.com has announced a momentous milestone: the receipt of its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from none other than the esteemed Monetary Authority of Singapore (MAS). This prestigious licence follows Crypto.com’s in-principle approval from MAS in June 2022, solidifying their position as trailblazers in the Singaporean crypto landscape. With this licence in hand, Crypto.com is empowered to continue providing cutting-edge Digital Payment Token (DPT) services to their cherished customers in Singapore. Kris Marszalek, the visionary CEO of Crypto.com, expressed his immense pride and admiration for MAS, stating, “The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector. We are proud to receive the licence from a regulator that prioritizes consumer protection, safety, and security. We look forward to continuing to collaborate with MAS and leading at the forefront of crypto in our home market of Singapore.” In a nation known as a thriving hub for blockchain and fintech innovation, this Major Payment Institution licence reinforces Crypto.com’s unwavering commitment to advancing the Web3 community in Singapore. Chin Tah Ang, General Manager of Crypto.com Singapore, excitedly stated, “Singapore continues to be a hub for blockchain and fintech innovation. The Major Payment Institution licence underscores our ongoing commitment to build with the Web3 community in Singapore.” This momentous achievement not only positions Crypto.com as a beacon of trust and compliance in the digital assets sector but also reaffirms their dedication to providing the highest level of consumer protection, safety, and security. With their forward-thinking approach and partnership with MAS, Crypto.com is setting new standards for the industry, fostering a vibrant and secure crypto ecosystem in Singapore. As they continue to lead at the forefront of crypto innovation, Crypto.com is poised to shape the future of finance and redefine the possibilities of digital payment solutions. With Singapore as their home market, the partnership with MAS serves as a testament to Crypto.com’s vision of a progressive and responsible crypto landscape. Buckle up for an exhilarating journey into the future of crypto in Singapore, as Crypto.com unleashes groundbreaking services, driving blockchain and fintech innovation like never before. Together with the support of MAS, they are carving a path towards a brighter and bolder financial future, where consumer interests and technological advancement harmoniously converge.