Apifiny has been granted an exemption by the Monetary Authority of Singapore (MAS) from holding a license under that country’s Payment Services Act (PSA), joining many top crypto firms including Coinbase, Binance, Gemini, and LedgerX.
Crowdfund Insider noted in its coverage of this development, “Apifiny reported that with this exemption, it may provide digital payment token services to businesses and residents of Singapore through services such as GlobalX, an execution services platform that will provide professional traders with access to global digital asset exchanges via a single account. Speaking about the exemption, Haohan Xu, CEO and Founder at Apifiny, stated that satisfying the compliance requirements from MAS represents an ‘important step’ in the platform’s APAC market expansion. “
