XRP dives 5% despite Ripple’s new license to expand crypto payments in Singapore
Ripple has received expanded regulatory approval from Singapore’s Monetary Authority (MAS), allowing the company to widen the scope of its licensed payment services in the country.
Ripple receives green light in Singapore to expand crypto payment service
Ripple has received new regulatory clearance from the MAS to expand the range of services it can provide under its Major Payment Institution license, according to a statement on Monday.
The approval strengthens Ripple’s ability to scale its regulated cross-border payments business in Singapore, a market the company views as a core hub for its Asia-Pacific operations.
“With this expanded scope of payment activities, we can better support the institutions driving that growth by offering a…
