Ripple's Singapore-based entity has received the full license to offer digital payment services in the city-state.
Ripple says it received a license to operate as a major payments institution from Singapore's central bank allowing it to continue operations in the country after receiving in-principle approval in June., the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full license by the Monetary Authority of Singapore .
Garlinghouse said Singapore was home to the firms Asia Pacific headquarters since 2017 and the country"has been pivotal to Ripple’s global business."of 14 others given the same license by MAS including the local arms of crypto exchanges Coinbase, Independent Reserve and Blockchain.com.
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