Coinbase Gets Crypto License in Singapore, 3AC Liquidators Begin Probe

Coinbase has been granted a license to operate in Singapore, which will let it offer crypto products and services in the country.

The Monetary Authority of Singapore (MAS) has granted crypto exchange Coinbase a license to operate in the country, according to a post published by the exchange on Oct. 10. The exchange received an In-Principle Approval as a Major Payments Institution license holder from the regulator, which allows it to offer regulated crypto products and services in the country.

Hello Singapore 🇸🇬
Excited to announce we have received an In-Principle Approval as a Major Payment Institution in the Lion City! This is an important step in our mission of being the most trusted crypto platform in Asia Pacific.https://t.co/pc2pkTl7yG
— Coinbase (@coinbase) October 11, 2022

Coinbase joins the likes of Crypto.com, which recently received this license. There are currently roughly 15 firms that have the license to operate as digital assets service providers in the country.

Anchorage Digital announced that it would be working with Singapore’s FBG Capital to expand into the market. Meanwhil