Digest: Upbit Singapore gets in-principle nod for MPI licence; BII, ILX Management ink MoU

Digest: Upbit Singapore gets in-principle nod for MPI licence; BII, ILX Management ink MoU

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic//File Photo

South Korean cryptocurrency exchange Upbit’s Singapore arm has secured in-principle approval for a Major Payment Institution (MPI) licence from MAS, while BII has signed an MoU with ILX Management. 

Edited by: Joymitra Rai