TechFlow, on December 1, according to Cointelegraph, Ripple Markets APAC, the Singapore subsidiary of Ripple Labs, has received approval from the Monetary Authority of Singapore (MAS) to expand the scope of its regulated payment activities under its Major Payment Institution (MPI) license. Since entering the Singapore market in 2017, the region has become a key part of Ripple's global operations.
Monica Long, President of the company, stated that this license expansion will strengthen Ripple's investment capabilities in Singapore and provide financial institutions with more efficient, faster, and secure fund transfer infrastructure.
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