Crypto giant Coinbase gets Singapore licence Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore's central bank to offer payment services in the city-state.
Calling it a "significant milestone", Coinbase said in a statement that it has been building up its presence in Singapore and currently had nearly 100 employees in the Southeast Asian state, with product engineers forming the largest bulk of hires.
Singapore has handed out 17 in-principle approvals and licences after an elaborate due diligence process that is still ongoing.
However, there have also been quite a few cases of crypto fall-outs taking place in the city state.
Terraform Lab's founder Do Kwon is currently wanted by the South Korean police.

Source - NDTV
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