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
Kelly Ng
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.
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