USDC Receives an In-Principle Approval License In Singapore
Circle Internet Financial, the creator of USD Coin (USDC) and Euro Coin (EUROC), has gained In-Principle Approval from MAS as a Major Payments Institution License holder. Circle may now offer local and international transfer services, as well as digital payment token items, in Singapore.
Singapore has lately tightened consumer protection and stablecoin dependability requirements. They feel that strict laws are the only way to ensure the long-term viability of bitcoin. Furthermore, rigorous regulation can safeguard their consumers' welfare, as they feel crypto is more of a speculative asset with significant volatility.
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