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Cumberland gains in-principle Singapore MIP license approval

The Monetary Authority of Singapore has granted Cumberland SG, the Asia division of the U.S.-based crypto trading firm Cumberland, in-principle approval for a Major Payment Institution license. The approval, which was announced on Mar. 18, brings the company one step closer to providing regulated digital payment token services in Singapore. An in-principle approval indicates that … Read more

This Week In Crypto Asia: Bybit Enters UAE With In-Principle Approval

Despite being caught in the middle of a massive controversy, post the $1.4 billion hack, Bybit has announced securing an In-Principle Approval (IPA) in the UAE. The Securities and Commodities Authority (SCA) of the UAE gave Bybit the green light to launch its Virtual Asset Platform.  According to the company statement, the company is also … Read more

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