Coinbase, which continues to battle U.S. regulators, won a key endorsement from authorities in Asia’s biggest cyrpto hub.
shares moved firmly higher Monday after the crypto exchange received permission from to offer payments services authorities in Singapore.
The license confers not only Coinbase's status in what is now Asia's crypto market hub, following bans on trading and payments in China and other regional economies, but also its commitment to anti-money laundering controls, a condition Singapore authorities mentioned specifically in public statements when reviewing its application.
"The Monetary Authority of Singapore is a significant regulatory partner for us. Earning this license from MAS is not just an approval but a shared commitment," the statement added.
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