Circle Singapore Obtained Major Payment Institution (MPI) License

June 07, 2023

Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore’s receipt of the MPI license from MAS underscores Circle’s strong reputation as a responsible digital financial technology company. As a licensed entity, Circle Singapore can now fully leverage its corporate affiliates’ expertise to drive innovation, expand its offerings and deliver greater value to its clients and stakeholders. Circle Singapore officially opened its office in May 2023. In November 2022, Circle Singapore received In-Principle Approval as a Major Payment Institution License holder from MAS and Circle identified Singapore as its principal hub in Asia to service its growing business in the region.

The source of this news is from Circle