Breaking News
Bitstamp is the first crypto exchange with major EU presence with In-Principle License Approval in Singapore
Great news from the Monetary Authority of Singapore (MAS)! Bitstamp just received the In-Principle Approval (IPA), a crucial step towards obtaining their Major Payment Institution license. IPA paves the way for Bitstamp to provide digital payment token services in Singapore, all in compliance with the republic’s Payment Services Act. It’s a significant strategic move that reflects Bitstamp’s commitment to compliance and supporting the growth of the evolving global landscape.
Strengthening our global strategy
Bitstamp’s primary focus within Singapore will be on serving institutions including intermediaries such as payment processors, fintech companies and brokerages.
This approval comes at an exciting time for the market, with this year seeing the implementation of the European Union’s (EU) MiCA framework and the and the approval of Bitcoin ETFs in the US.
Bitstamp is confident about their proposition for institutional and retail customers they serve in the Asia-Pacific region, with Singapore at the core of their strategy.
Compliance and regulation at the heart of all operations
Bitstamp received its first license in 2016 in Luxembourg. Today, they hold 50+ licenses and registrations globally, including markets like Luxembourg, the Netherlands, Italy, Spain, France, the United States (covering 40 states, including New York, Washington, Texas, and Florida), and the United Kingdom.
As they embark on this exciting new chapter in Singapore, they thank you, their valued users, for your continued support. Bitstamp remains steadfast in their mission to drive the adoption of crypto while upholding the highest standards of security and compliance. Stay tuned for more updates as they continue to grow and drive innovation within the digital asset ecosystem.
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