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Crypto Payments Firm TripleA protects digital payment token licenses from MAS

Triple A, a cryptocurrency settlement company, has been granted a digital settlement token license by the Monetary Authority of Singapore (MAS).

With this license, Triple A can provide businesses with end-to-end cryptocurrency payment services.

This includes crypto payments, payments, remittances, and white label transactions in the following license categories: Digital payment token service, domestic money transfer service, cross-border money transfer service, and merchant acquisition service.

Triple A said its previous license exemption provided under the Payment Services Act demonstrated its ability as a trusted provider to obtain a full license in compliance with MAS regulations.

Currently, crypto licenses allow Triple A to accelerate its efforts to reach almost undeveloped markets in order to facilitate crypto payments between businesses and people around the world.

To date, MAS has granted three full licenses to Australia’s cryptocurrency exchange Independent Reserve, DBS Bank’s intermediary arm DBS Vickers, and QR code payment solution provider FOMO Pay.

Regulators have also recently issued a principle approval to the cryptocurrency platform Coinhako.

Eric Barbia

Eric Barbia

“We are delighted with the news that we are licensed by MAS. Singapore is one of the countries that openly supports blockchain projects and cryptocurrencies.

With crypto licenses, you can increase crypto access to more residents and strengthen your position as a trusted and trusted crypto payment partner for businesses around the world. “

Eric Barbier, CEO of Triple A, said:

Featured Image: Edited from Unsplash

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Crypto Payments Firm TripleA protects digital payment token licenses from MAS

Source link Crypto Payments Firm TripleA protects digital payment token licenses from MAS

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