Singapore-based cryptocurrency exchange MetaComp, Singaporefor corporate services from Major Payment Institution ( MPI) was licensed.
While there has been a noticeable increase in crypto industry adoption, recent FTX events have been a shocking factor. FTX With the bankruptcy of , regulation and oversight of the crypto industry came into focus. Institutional companies and investors in particular argue that regulations should come quickly. In this context, cryptocurrency exchanges entered the adaptation process in order to continue their existence in the future. The world’s largest cryptocurrency exchange Binance began to expand on a global scale. Countries close to the industry Singapore decided to increase the dose of regulators. In this context, the stock market company MetaComp, from the country MPIgot the license.
Another Exchange Licensed by Singapore: MetaComp
Singapore-based crypto exchange MetaComp acquired a license to provide digital asset exchange and custody services to institutional investors. Behind this license granted by Singapore, the Monetary Authority of Singapore ( MAS) are included.
Standing out with blockchain initiatives Singapore had reacted with its distant approach to cryptocurrencies. Although the country does not attract the attention of companies that trade cryptocurrencies, it continues to work. Especially recently, Singapore has attracted attention by licensing many cryptocurrency exchanges.
Despite all the processes MASis working hard to become a crypto hub.
