Crypto exchange Coinbase gets regulatory approval in Singapore

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Crypto exchange Coinbase gets regulatory approval in Singapore
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U.S. cryptocurrency exchange Coinbase received a key regulatory license in Singapore as it ramps up expansion overseas.

U.S. cryptocurrency exchange Coinbase received a key regulatory license in Singapore as it ramps up expansion overseas, the company said on Tuesday.

The Monetary Authority of Singapore , the country's central bank, granted Coinbase an in-principle approval to provide regulated digital token products and services in the island state.In this articleSingapore has granted Coinbase regulatory approval to run cryptocurrency-related services in the island state. It is a big win for Coinbase as it continues to expand internationally despite continued pressure on the crypto market.

The Monetary Authority of Singapore , the country's central bank, granted Coinbase an in-principle approval to provide regulated digital token products and services in the island state. Coinbase's regulatory approval comes as the crypto market remains under pressure. Around $2 trillion has been wiped off the value of the market with major tokens like

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