QCP Trading has received in-principle approval for a major payment institution license from the Monetary Authority of Singapore

According to BlockBeats news, on November 11, QCP announced that its over-the-counter spot trading unit QCP Trading has obtained in-principle approval (IPA) for a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). The IPA is an important step towards achieving full licensing, allowing QCP Trading to prepare to provide regulated spot trading services for digital payment tokens.

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