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Crypto exchange Coinhako protects license to use token services from Singapore base

Coinhako, an Asia-Pacific-based crypto exchange business, today revealed that it has actually been approved the Monetary Authority of Singapore’s (MAS) main approval for a Major Payment Institution (MPI) license.

Securing this MPI license implies that Conhako will have the ability to lawfully run as controlled companies of Digital Payment Token (DPT) Services under the Payment Services Act (PSA).

Founded 8 years earlier as a crypto platform operating from Singapore, getting the license has actually constantly been a leading concern for Coinhako. Employee throughout numerous departments, especially compliance worked thoroughly towards assisting Coinhako accomplish this objective.

” Having gotten the MPI license to supply DPT Services, Coinhako is distinctively placed to provide a tier-one controlled, protected, and highly advanced crypto-solution platform to the local markets.”

— Gerry Eng, Co-Founder & & CTO, Coinhako

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