Search results for major payment institution licence
Finance
Coocon Q2 operating profit up 6.3 percent to 4.96 billion won
Coocon posted year-on-year growth in both revenue and operating profit in the second quarter and plans to expand new businesses in the second half. The company reported second-quarter revenue of 17.96 billion won and operating profit of 4.96 billion won. It launched an MCP-based data API and linked global mobile payment services, and completed a stablecoin proof of concept. Coocon also plans to establish a local unit in Singapore this year.
Crypto
Coinbase plans 25 percent staff increase at Singapore office
Coinbase plans to increase staff at its Singapore office to about 200 from 150 by the end of 2026, Cointelegraph reported. The company is stepping up local hiring as it expands its business in Singapore, focusing on engineers, customer service, relationship management and institutional sales. Coinbase obtained a major payment institution licence from the Monetary Authority of Singapore in October 2023, enabling it to expand services for individuals and institutions.
Crypto
SBI buys controlling stake in Singapore crypto platform Coinhako with MAS approval
SBI Holdings has acquired a controlling stake in Holdbuild, the parent of Singapore cryptocurrency platform Coinhako, after receiving approval from the Monetary Authority of Singapore (MAS). Cointelegraph reported SBI bought shares from existing shareholders through a capital injection, bringing Coinhako into its group as a consolidated subsidiary. Coinhako holds an MAS major payment institution licence through its unit Hakko Technology Pte. Ltd. The deal value was not disclosed.
