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Coinbase, Ripple and Binance Exempted From Holding Payments License in Singapore Until …

Coinbase, Ripple and Binance Exempted From Holding Payments License in Singapore Until Summer | The Daily Hodl

Singapore’s central bank and financial regulatory authority is granting Coinbase, Ripple and Binance a temporary exemption from new licensing requirements. In a statement, the Monetary Authority of Singapore (MAS) says the crypto firms have to comply with the licensing requirements under the Payment Services Act 2019 (PS Act) to continue operating in the country once their respective exemption periods expire.