Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2022-06-22 17:17:42

Crypto.com, two other crypto firms get in-principle licenses from Singapore

Singapore's Monetary Authority on Wednesday has given out in-principle approval to crypto-focused firms Crypto.com (CRO-USD), Genesis and Sparrow Tech, bringing the firms a step closer to offering its services in the country, The Straits Times reported. If granted full licenses, the firms will be able to offer its crypto-driven services to customers in Singapore. “Crypto assets have more recently been in the spotlight for the wrong reasons,” said Deputy Prime Minister Heng Swee Keat in a video recording at the inaugural Point Zero Forum, as quoted by The Straits Times. “This, however, does not reflect where the greatest value of blockchain and digital assets lies, much of which is away from the retail glare.” The MAS's move comes even as a broad slump in cryptos like bitcoin (BTC-USD) and ethereum (ETH-USD) take hold since late 2021. The MAS "sets a high regulatory bar that cultivates innovation while protecting consumers," stated Kris Marszalek, the

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.