Cryptocurrency Q&A
Does Coinbase Singapore have a major payment institution (MPI) licence?
Does Coinbase Singapore have a major payment institution (MPI) licence?
DigitalLegendGuard
Wed Aug 07 2024
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6 answers
1784
Could you please clarify if Coinbase Singapore has successfully obtained a major payment institution (MPI) licence? This would be a significant milestone for the platform, as it would demonstrate a commitment to regulatory compliance and enable the provision of a wider range of services to its customers in Singapore. Is there any information available regarding the status of their application for this licence, or any plans to pursue it in the future?
6 answers
BlockchainBrawler
Fri Aug 09 2024
In addition to its robust security measures, Coinbase Singapore offers a user-friendly platform that makes it easy for individuals and businesses to buy, sell, and store cryptocurrencies. The exchange's intuitive interface and wide range of features make it an attractive option for those looking to invest in the digital asset market.
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Giovanni
Fri Aug 09 2024
Coinbase Singapore has achieved a significant milestone in its operations by securing a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore. This accreditation signifies a strong endorsement of Coinbase's commitment to compliance, security, and innovation in the cryptocurrency space.
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Daniele
Fri Aug 09 2024
The MPI licence allows Coinbase Singapore to expand its services and cater to a wider range of customers, further solidifying its position as a leading cryptocurrency exchange in the region. With this licence, Coinbase can now offer a more comprehensive suite of financial products and services to its clients.
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KimchiQueen
Fri Aug 09 2024
Coinbase Singapore's achievement underscores the growing recognition of cryptocurrencies as a legitimate and viable form of digital asset. As more governments and financial institutions embrace the potential of blockchain technology, the demand for secure and regulated cryptocurrency exchanges is likely to increase.
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GalaxyWhisper
Fri Aug 09 2024
The MPI licence also demonstrates Coinbase's dedication to ensuring the safety and security of its users' funds. Coinbase Singapore adheres to rigorous security protocols and employs state-of-the-art technology to protect its clients' assets from theft and fraud.
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