{"id":167850,"date":"2023-10-04T08:33:06","date_gmt":"2023-10-04T03:03:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167850"},"modified":"2023-10-04T08:33:06","modified_gmt":"2023-10-04T03:03:06","slug":"ripple-gets-formal-approval-for-singapore-payments-license-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-gets-formal-approval-for-singapore-payments-license-crypto-news\/","title":{"rendered":"Ripple gets formal approval for Singapore payments license – Crypto News"},"content":{"rendered":"
\n

Ripple says it received a license to operate as a major payments institution from Singapore’s central bank allowing it to continue operations in the country after receiving in-principle approval in June.<\/p>\n

In an Oct. 4 blog post<\/a>, the company said its local entity,\u00a0Ripple Markets APAC Pte Ltd, was granted the full license by the Monetary Authority of Singapore (MAS).<\/p>\n

\n

It\u2019s official: Ripple is now fully licensed to provide digital payment token services in Singapore by @MAS_sg<\/a>! Ripple is committed to delivering real-world crypto solutions for businesses in APAC.<\/p>\n

Learn more: https:\/\/t.co\/jD8xSc2pdd<\/a><\/p>\n

\u2014 Ripple (@Ripple) October 4, 2023<\/a><\/p><\/blockquote>\n

Ripple chief Brad Garlinghouse said in a statement that “Singapore has developed into one of the leading fintech and digital asset hubs striking the balance between innovation, consumer protection and responsible growth.\u201d<\/p>\n

Garlinghouse said Singapore was home to the firms Asia Pacific headquarters since 2017 and the country “has been pivotal to Ripple\u2019s global business.”<\/p>\n

The license allows Ripple to provide digital payment token services. It joins a list<\/a> of 14 others given the same license by MAS including the local arms of crypto exchanges Coinbase, Independent Reserve and Blockchain.com.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple says it received a license to operate as a major payments institution from Singapore’s central bank allowing it to continue operations in the country after receiving in-principle approval in June. In an Oct. 4 blog post, the company said its local entity,\u00a0Ripple Markets APAC Pte Ltd, was granted the full license by the Monetary […]<\/p>\n","protected":false},"author":2,"featured_media":167851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-167850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=167850"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167850\/revisions"}],"predecessor-version":[{"id":167853,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167850\/revisions\/167853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/167851"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}