Coinbase gains in-principle approval for Singapore crypto license By Cointelegraph

The Singapore-based arm of the United States cryptocurrency exchange Coinbase (NASDAQ:) has received “in-principle approval” to provide crypto services in Singapore from its central bank, the Monetary Authority of Singapore (MAS).

Speaking to Cointelegraph, Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’ regional director for Southeast Asia, said Singapore is a key institutional market for the exchange in Asia due to businesses there continuing to show interest in and gain exposure to crypto.