Cumberland has received provisional approval for a major payment institution license from the Monetary Authority of Singapore

MarsBitNews

Mars Financial News, on March 18, Cumberland SG, the Asian subsidiary of the American cryptocurrency trading company Cumberland, announced on Monday that it has received in-principle approval for a major payment institution license from the Monetary Authority of Singapore. Cumberland stated that once the MPI license is fully granted, it will be able to provide regulated digital payment Token services in Singapore.

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