Crypto business Ripple will get in-principle payments license in Singapore

Crypto business Ripple will get in-principle payments license in Singapore


Vital Points
  • Ripple claimed it obtained in-principle acceptance of a Important Payment Institution Licence from the Financial Authority of Singapore, the country’s central financial institution.
  • The license enables Ripple to supply controlled electronic payment token products and solutions and solutions and extend customers’ use of XRP, a cryptocurrency it is closely linked with.
  • It will come as Ripple continues to spar with the Securities and Trade Commission in excess of a lawsuit.



Source

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