{"id":80599,"date":"2023-06-22T13:24:47","date_gmt":"2023-06-22T10:24:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80599"},"modified":"2025-09-11T17:57:41","modified_gmt":"2025-09-11T14:57:41","slug":"ripple-secures-in-principle-approval-from-singapore-regulator","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ripple-secures-in-principle-approval-from-singapore-regulator\/","title":{"rendered":"Ripple secures in-principle approval from Singapore regulator"},"content":{"rendered":"<p>The Monetary Authority of Singapore (MAS) granted Ripple in-principle approval for a Major Payments Institution license <span data-descr=\"Major Payments Institution \u2014 large payments institution\" class=\"old_tooltip\">MPI<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re honored to obtain In-Principle Approval of a Major Payments Institution License from the <a href=\"https:\/\/twitter.com\/MAS_sg?ref_src=twsrc%5Etfw\">@MAS_sg<\/a> \u2013 allowing us to offer regulated digital asset products and services, and scale customer use of <a href=\"https:\/\/twitter.com\/hashtag\/ODL?src=hash&#038;ref_src=twsrc%5Etfw\">#ODL<\/a>. ?? <\/p>\n<p>Learn more: <a href=\"https:\/\/t.co\/8Ylc3lZSeg\">https:\/\/t.co\/8Ylc3lZSeg<\/a><\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1671702598414467072?ref_src=twsrc%5Etfw\">June 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Monetary Authority of Singapore (MAS) said the decision will allow Ripple Markets APAC Pte Ltd to offer regulated products and services in the digital asset token space.<\/p>\n<p>The company intends to continue expanding its cryptocurrency payments business in Singapore and across the Asia-Pacific region (APAC).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThe Ripple payment solution in 2022 significantly expanded the client base in APAC, enabling businesses and financial institutions to optimise cross-border transfers. The number of employees in the Singapore office has doubled to meet rising demand in the region\u00bb, the statement said.<\/p>\n<\/blockquote>\n<p>Ripple joined a list of fewer than 20 holders of preliminary approval or the license itself from MAS.<\/p>\n<p>Earlier in June, <a href=\"https:\/\/u1f987.com\/en\/news\/circle-obtains-major-payment-institution-licence-in-singapore\">entered<\/a> this list, the issuer of the stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> \u2014 Circle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Monetary Authority of Singapore (MAS) granted Ripple in-principle approval for a Major Payments Institution license.<\/p>\n","protected":false},"author":1,"featured_media":80600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,112,946],"class_list":["post-80599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-ripple","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80599"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80599\/revisions"}],"predecessor-version":[{"id":80601,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80599\/revisions\/80601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80600"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}