Ripple has been approved by the Central Bank of Singapore to expand its payment business scope.

Ripple Labs' Singapore subsidiary, Ripple Markets APAC, has received approval from the Monetary Authority of Singapore to expand its regulated activities under its payment institution license. This will enhance Ripple's investment capability in Singapore and provide a more efficient funds transfer infrastructure.

03:48

Ripple has obtained approval from the Monetary Authority of Singapore to provide fully licensed payment services locally.

Golden Finance reports that Ripple has obtained approval from the Monetary Authority of Singapore (MAS) to expand its payment business scope under its major payment institution (MPI) license, allowing it to provide end-to-end full-license payment services in Singapore.

04:47

QCP Trading has obtained the provisional approval for a major payment institution license from the Monetary Authority of Singapore.

According to official sources, QCP announced that its OTC Spot trading department, QCP Trading, has obtained the provisional approval (IPA) of the major payment institution (MPI) license issued by the Monetary Authority of Singapore (MAS). The IPA is an important step towards obtaining a comprehensive license, allowing QCP Trading