What to know:
- Hex Trust has triumphantly secured a Major Payment Institution license from the esteemed MAS of Singapore.
- This illustrious license permits the firm to engage in cross-border transfers and the delightful realm of digital payment token services.
- Moreover, the firm is now poised to integrate the custody of digital assets with the art of trading and settlement services. How splendid! 🎩
In a most fortuitous turn of events, Hex Trust, that enterprising custodian of cryptocurrency, has secured a Major Payment Institution (MPI) license from the illustrious Monetary Authority of Singapore (MAS), as they so proudly announced on this fine Thursday.
This coveted license, bestowed upon them on the first of March, allows the firm to engage in the delightful practice of cross-border money transfers and to offer the charming services of digital payment tokens, all under the watchful eye of Singapore’s regulatory framework. How very civilized! 🧐
Such approval follows the in-principle clearance granted to Hex Trust by MAS in the balmy month of July in the year 2024. With this full license in hand, the company is now able to weave together the regulated custody of digital assets with the intricate dance of trading and settlement services, including the much-discussed fiat on-ramps and off-ramps, as per a rather informative press release shared with CoinDesk.
This strategic move aligns splendidly with Singapore’s noble efforts to balance the exhilarating winds of innovation with the prudent oversight of regulation in the realm of digital finance. Other crypto trading platforms, such as the ever-popular Robinhood, have also expressed their intentions to introduce their wares in this promising region this very year.
Hex Trust has been gallivanting about in Singapore since the year 2020 and has also secured regulatory approvals in the far-flung locales of Hong Kong, Dubai, France, and Italy, as the document so states. Quite the international affair, wouldn’t you agree? 🌍
Read More
- Lucky Offense Tier List & Reroll Guide
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- Best Crosshair Codes for Fragpunk
- Ultimate AI Limit Beginner’s Guide [Best Stats, Gear, Weapons & More]
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Ultimate Half Sword Beginners Guide
- Pirate Copy of Minecraft Movie Leaks Online
- ‘Severance’ Renewed for Season 3 at Apple TV+
- Unlock Every Drug in Schedule 1 Early Access Now!
- Hollow Era Private Server Codes [RELEASE]
2025-03-06 15:26