Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore. Today, Sygnum Singapore announced it acquired a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Speaking to Cointelegraph, a Sygnum Singapore spokesperson revealed. Sygnum Singapore secured in-principle regulatory approval to offer three additional regulated activities under its capital markets services license in March 2022. The company caters to institutional investors, corporate clients, high-net-worth individuals and other financial institutions.
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