XREX receives in-principle approval for Singapore’s major payment institution license
XREX, a cryptocurrency exchange specializing in cross-border payments based in Asia, has received principle approval for a major payment institution (MPI) license in Singapore. XREX stated in a statement that the Monetary Authority of Singapore has granted preliminary approval for the company's license, which will eventually allow it to offer digital payment token products and services in Singapore. Once fully obtained, the license will allow the company to expand BitCheck, a payment tool that supports fiat currencies, stablecoins, and other cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Has Altcoin Season Started With FED Heat? Legendary Analyst Answers
Cryptocurrency analyst il Capo answered the question of whether the altcoin season has started in his statement.
How Much Will Bitcoin Price Be If Trump Wins, How Much If Harris Wins? Standard Chartered Announces Big Bull Forecast
At what price level will Bitcoin, the world's largest cryptocurrency, be after the US elections? Here are analysts' opinions.
Vitalik Buterin’s Wallet is Active Again: Detected in Onchain Data
Another movement was detected in the cryptocurrency wallets of Ethereum founder Vitalik Buterin. Here are the details.
BREAKING: End of an Era – Terraform Labs Approved For Bankruptcy After Settling With SEC