With the full license, the firm will enable the trading of digital assets using its insured cold storage solution.
The firm recently obtained a German crypto custody license from BaFin.
BitGo,
a provider of financial services in the digital realm, has announced that its
subsidiary, BitGo Singapore Pte. Ltd., has received in-principle approval from
the Monetary Authority of Singapore (MAS) for a Major Payment Institution
Licence.
Clients
Gain Competitive Edge with Access to Aggregated Deep Liquidity
This
approval positions BitGo at the forefront of regulated digital payment token
services in Singapore. Once granted the full licence, the company will be
empowered to offer a comprehensive suite of services, allowing clients to
securely buy and sell digital assets through BitGo's insured cold storage
custody solution, housed within a cutting-edge class III vault.
Mike Belshe, the CEO of BitGo, Inc. remarked: "We applaud Singapore's sound, clear and robust regulatory
framework for digital assets. This in-principle approval from the Monetary
Authority of Singapore comes on the heels of
obtaining our BaFin licence in Germany. We look
forward to expanding our global footprint and providing our clients with
regulated, secure and trusted solutions."
One
of the key advantages for BitGo clients will be access to aggregated deep
liquidity, a critical component for effective trading in the digital asset
market. This feature ensures that clients can execute transactions efficiently,
even during periods of high market volatility.
Regulatory
Environment for Digital Assets in Singapore
BitGo
Singapore's imminent acquisition of the Major Payment Institution Licence
aligns with Singapore's efforts to establish itself as a global hub for
financial technology and innovation. The MAS has been proactive in
fostering a conducive regulatory environment for digital asset services, and
BitGo's approval signifies a crucial step towards achieving regulatory clarity
and legitimacy in the sector.
Hobeng
Lim, the Managing Director of APAC for BitGo, said: "The Monetary Authority of
Singapore's forward-looking and
risk-proportionate regulatory framework for digital assets, as well as Singapore's leading position as a financial centre,
innovation hub and business gateway to APAC, are key factors driving BitGo's commitment to Singapore as its regional headquarters. We are excited
to continue supporting the development and growth of the digital asset
ecosystem in Singapore and
beyond."
BitGo,
a provider of financial services in the digital realm, has announced that its
subsidiary, BitGo Singapore Pte. Ltd., has received in-principle approval from
the Monetary Authority of Singapore (MAS) for a Major Payment Institution
Licence.
Clients
Gain Competitive Edge with Access to Aggregated Deep Liquidity
This
approval positions BitGo at the forefront of regulated digital payment token
services in Singapore. Once granted the full licence, the company will be
empowered to offer a comprehensive suite of services, allowing clients to
securely buy and sell digital assets through BitGo's insured cold storage
custody solution, housed within a cutting-edge class III vault.
Mike Belshe, the CEO of BitGo, Inc. remarked: "We applaud Singapore's sound, clear and robust regulatory
framework for digital assets. This in-principle approval from the Monetary
Authority of Singapore comes on the heels of
obtaining our BaFin licence in Germany. We look
forward to expanding our global footprint and providing our clients with
regulated, secure and trusted solutions."
One
of the key advantages for BitGo clients will be access to aggregated deep
liquidity, a critical component for effective trading in the digital asset
market. This feature ensures that clients can execute transactions efficiently,
even during periods of high market volatility.
Regulatory
Environment for Digital Assets in Singapore
BitGo
Singapore's imminent acquisition of the Major Payment Institution Licence
aligns with Singapore's efforts to establish itself as a global hub for
financial technology and innovation. The MAS has been proactive in
fostering a conducive regulatory environment for digital asset services, and
BitGo's approval signifies a crucial step towards achieving regulatory clarity
and legitimacy in the sector.
Hobeng
Lim, the Managing Director of APAC for BitGo, said: "The Monetary Authority of
Singapore's forward-looking and
risk-proportionate regulatory framework for digital assets, as well as Singapore's leading position as a financial centre,
innovation hub and business gateway to APAC, are key factors driving BitGo's commitment to Singapore as its regional headquarters. We are excited
to continue supporting the development and growth of the digital asset
ecosystem in Singapore and
beyond."
Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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