BitGo receives the Major Payment Institution license from Singapore’s Monetary Authority, marking a significant step in expanding its digital asset services in Asia.
Points
- BitGo receives Major Payment Institution （MPI） license from Singapore’s Monetary Authority （MAS）.
- Follows recent similar approvals for other firms in Singapore.
- Marks significant expansion of BitGo’s services in Asia.
- Enhances BitGo’s position in the global digital asset market.
California-based digital asset trust and security company BitGo has achieved a significant milestone by securing a Major Payment Institution （MPI） license from the Monetary Authority of Singapore （MAS）. This approval allows BitGo to offer a broader range of payment services in Singapore, reinforcing its commitment to expanding its presence in the Asian market.
https://twitter.com/BitGo/status/1821346300509425772
BitGo’s MPI license acquisition comes shortly after HashKey Group’s over-the-counter trading subsidiary received a similar approval. This approval is also a follow-up to BitGo’s initial in-principle approval received six months earlier, signifying MAS’s confidence in BitGo’s operations and compliance capabilities.
解説
- BitGo’s MPI license enhances its service offerings and market reach in Singapore and Asia.
- The approval aligns with Singapore’s growing acceptance and regulation of digital assets.
- Strengthens BitGo’s competitive edge in the digital asset security market.
- Reflects increasing regulatory clarity and support for digital asset services in Asia.