The Monetary Authority of Singapore (MAS) has granted as many as three licences — to fintech players Paxos, Circle, and Wise — in the run-up to the Singapore Fintech Festival.
Stablecoin issuer Paxos bags operating licence
New York-based Paxos will be able to offer blockchain and crypto services in the city-state after receiving an operating licence from the Singapore regulator. It offerings will include tokenisation, custody, and trade services.
