Bitstamp gets Singapore's approval for an in-principle license.

The Monetary Authority of Singapore (MAS) has some fantastic news! The In-Principle Approval (IPA), a necessary step in acquiring our Major Payment Institution license, was just received.

Madilyn Swift

March 06, 2024

1Min Read

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Crypto

In accordance with Singapore's Payment Services Act, IPA opens the door for us to offer digital payment token services. This is a big strategic decision that shows our dedication to compliance and fostering the expansion of the changing global environment.
strengthening our worldwide approach

Serving institutions, including middlemen like payment processors, fintech firms, and brokerages, will be our main priority in Singapore.

With the adoption of the EU's MiCA framework this year as well as the US government's acceptance of Bitcoin ETFs, this approval comes at an exciting time for the sector.

With Singapore as the focal point of our approach, we are confident in our offering to the institutional and retail clients we service throughout the Asia-Pacific region.
Regulation and compliance are the foundation of any operation

In Luxembourg, Bitstamp was granted its first license in 2016. We currently possess more than 50 licenses and registrations in more than 50 countries, including the United States (which includes 40 states, including New York, Washington, Texas, and Florida), the United Kingdom, Luxembourg, the Netherlands, Italy, Spain, and France.

We thank our valued users for their ongoing support as we begin this exciting new chapter in Singapore. Bitstamp is unwavering in our commitment to promoting cryptocurrency adoption while maintaining the highest levels of security and compliance. As we expand and foster innovation throughout the ecosystem of digital assets, keep checking back for additional updates.