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$62,693.00 4.42584
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Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price
Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price
Bitcoin
Bitcoin (BTC)
$62,693.00 4.42584
Bitcoin price
Ethereum
Ethereum (ETH)
$3,342.86 4.41549
Ethereum price
BNB
BNB (BNB)
$561.52 4.55259
BNB price
Solana
Solana (SOL)
$152.42 4.77309
Solana price
XRP
XRP (XRP)
$0.5324180 -0.08191
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000180 3.43847
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000095 5.48822
Pepe price
Bonk
Bonk (BONK)
$0.0000242 2.7867
Bonk price

Coinbase secures full regulatory approval in Singapore

News
Coinbase secures full regulatory approval in Singapore

Coinbase is the latest crypto company to secure full regulatory approval in Singapore.

The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore.

The platform had secured a temporary licensing exemption from the Singaporean central bank in March 2020. Two years later, in October 2022, Coinbase received an “In Principle” license to operate in the city-state. 

Moreover, the Republic of Singapore, often viewed as a crypto haven, is no stranger to the allure of digital currencies, with a staggering 25% of its population embracing crypto as the future of finance. 

Furthermore, an impressive 32% of Singaporeans have already ventured into crypto. The latest Chainalysis Global Crypto Adoption Index revealed that Singapore received the seventh-highest amount of crypto in the previous year.

International expansion 

Coinbase’s strategy for international expansion is becoming increasingly clear. The company is strategically targeting countries with well-defined cryptocurrency regulations.

The Singaporean license comes a month after Coinbase released a blog post on Sept. 6, pointing out six crucial markets for near-term operations. These included the European Union, Singapore, Canada, the U.K., Australia, and Brazil.
The company also announced last month that it had expanded further into Europe with the procurement of a license from the Bank of Spain to operate in the country as an official exchange for Bitcoin (BTC) and other crypto assets.