Crypto.com, a leading cryptocurrency platform, announced today that it has obtained its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This milestone achievement allows Crypto.com to extend its DPT services to customers in Singapore.
The CEO of Crypto.com, Kris Marszalek, expressed his pride in receiving the license from a regulator that prioritizes consumer protection, safety, and security. He also highlighted the global recognition of the Monetary Authority of Singapore as a regulator that ensures responsible innovation in the digital assets sector. Additionally, the General Manager of Crypto.com in Singapore, Chin Tah Ang, emphasized the ongoing commitment to build with the Web3 community in Singapore.
This latest license adds to Crypto.com’s regulatory achievements. The company has previously received approvals and registrations from various regulatory authorities around the world, including the Monetary Authority of Singapore, the Autorité des marchés financiers in France, the UK Financial Conduct Authority, and many others.
Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is dedicated to accelerating the adoption of cryptocurrency through innovation. With its focus on regulatory compliance, security, and privacy, Crypto.com aims to develop a fairer and more equitable digital ecosystem.