Crypto Firm Ripple Becomes 'Fully Licensed' in Singapore
Ripple’s Singapore subsidiary, Ripple Markets APAC, has been granted its full MPI license by the Monetary Authority of the region. This means, the company can now provide digital payment token services in Singapore. In a recent post on X [formerly Twitter], Brad Garlinghouse, the Chief Executive Officer of Ripple, pointed out that the company received its full MPI license in just a span of four months after receiving its in-principal approval. Incredibly proud of team @Ripple – just 4(!) months after we received our in-principle approval from @MAS_sg, we’ve now secured the full Major Payment Institution license for digital payment token services in Singapore. https://t.co/AH1sDUG4UE — Brad Garlinghouse (@bgarlinghouse) October 4, 2023 In the official statement, Garlinghouse added, “Since establishing Singapore as our Asia Pacific headquarters in 2017, the country has been pivotal to Ripple’s global business. We have hired exceptional ta...