Independent Reserve Gets MAS’ First in-Principle Approval for Digital Payment Tokens

Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services.

According to a statement from the Independent Reserve, the firm said that it is one of the first virtual asset service providers (VASPs) to obtain an in-principle approval letter for a major payment institution license in Singapore.

Read more: Fintech News Singapore