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Top cryptocurrency exchange Coinbase on Tuesday said it secured the digital payment token services license from Singapore central bank. The approval allows Coinbase to offer payment services to Singapore users. This is in line with the Singapore’s Payment Services Act which allows individual users and institutions to use digital payment token services. Also, the crypto firms are regulated by the country’s central bank.
Coinbase Singapore License Approved
The crypto exchange already has a considerable presence in the Southeast Asian country. According to a Reuters report, Coinbase currently has an employee base of around 100 employees, most of which are product engineers. Hassan Ahmed, Coinbase’s regional director for Southeast Asia said Singapore holds strategic importance for Coinbase’s plan of expansion.
“This is a signi
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