Ripple Secures MAS Approval for Expanded Regulated Payments Services

Ripple has received approval from the Monetary Authority of Singapore (MAS) to broaden its regulated payment activities under the Major Payment Institution (MPI) license granted to its local subsidiary, Ripple Markets APAC Pte. Ltd. This enhanced approval allows the blockchain-based fintech company to expand its services and enhance its presence in Singapore, one of the world’s leading jurisdictions for digital asset regulation. 🌎 💰