Singapore awards major payment institution license to Sygnum Bank subsidiary By Cointelegraph

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Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.

On Oct. 3, Sygnum Singapore announced it acquired a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Speaking to Cointelegraph, a Sygnum Singapore spokesperson revealed that the company transitioned from in-principle approval to a full license within four months.