Crypto.com Lands MPI Licence, Bolsters Its Foothold in Singapore

Crypto.com procures MPI license from Singapore’s MAS to extend DPT services.
CEO Kris Marszalek appreciates MAS’s responsible regulation of the digital assets sector.
General Manager Chin Tah Ang commits to building with Singapore’s Web3 community.

In a significant stride towards fortifying its crypto footprint in Singapore, Crypto.com announced today that it had been granted a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services by the Monetary Authority of Singapore (MAS). This pivotal development comes in the wake of Crypto.com’s receipt of in-principle approval from the MAS in June 2022.

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With the newfound license, Crypto.com is well-positioned to augment its DPT services, serving its Singaporean customers more efficiently. The CEO of Crypto.com, Kris Marszalek, expressed pride in receiving the license from a globally respected regulator like MAS that emphasizes consumer protection and security in its approach to overseeing the digital assets sector.

Marszalek further stressed Crypto.com’s commitment to maintaining a productive relationship with MAS and continuing to steer the crypto movement in Singapore.

Echoing Marszalek’s sentiments, Chin Tah Ang, General Manager, Singapore of Crypto.com, underlined the significance of the MPI license in Crypto.com’s mission to contribute to the Web3 community in Singapore. Ang pointed to Singapore’s status as a hub for blockchain and fintech innovation and underscored Crypto.com’s ongoing dedication to these burgeoning fields.

The Future of Crypto.com in the Crypto Space

Crypto.com’s future in the crypto space is sparkling with promise. With its recent MPI license, the platform is poised to bring about unprecedented change in the global digital payment arena.

Crypto.com’s unwavering commitment to security, innovation, and customer-centric solutions heralds an exciting era of growth and consolidation, making it an undisputed trailblazer in the crypto realm.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.