Singapore awards major payment institution license to Sygnum Bank subsidiary

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Singapore awards major payment institution license to Sygnum Bank subsidiary
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The MPI license enables Sygnum Singapore to extend its services offering to offer DPT trading services.

Sygnum Singapore plans to expand its regulated offering to Asia-Pacific markets, such as Hong Kong, a spokesperson told Cointelegraph.Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.

“This additional Licence enables us to extend our service offering to also offer DPT [digital payment token] trading services to our clients.”

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