Circle’s subsidiary in Singapore, Circle Web Singapore, has obtained a Main Fee Establishment (MPI) license from the Financial Authority of Singapore (MAS). Circle Singapore obtained MPI approval in precept from MAS in November and opened its workplace within the city-state in Might.
An MPI license permits Circle to supply digital fee token companies and home and cross-border cash switch companies, in response to a press release launched by the fintech firm, which is the issuer of the (USDC) and Euro Coin (EUROC) stablecoins.
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