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Crypto exchange Independent Reserve obtains MAS licence

It becomes the second applicant here, after FOMO Pay, to successfully seek a permit to provide DPT services

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Kelly Ng

Kelly Ng

Published Fri, Oct 1, 2021 · 05:50 AM — Updated Wed, Feb 28, 2024 · 12:07 AM

    Singapore

    INDEPENDENT Reserve is now a fully licensed cryptocurrency exchange in Singapore, making it the second applicant in the city-state to successfully apply for a licence to provide digital payment token (DPT) services.

    Set up in Australia in 2013, Independent Reserve started expanding internationally about two years ago, establishing its first overseas operations in Singapore to provide digital asset exchange and over-the-counter trading services.

    CryptocurrenciesMonetary Authority of Singapore

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