Search results for major payment institution licence
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.
Crypto
Bybit added to Singapore MAS investor alert list
Cryptocurrency exchange Bybit and its operating entity, Bybit Fintech Limited, have been added to the Monetary Authority of Singapore\'s investor alert list. MAS did not disclose specific reasons for the inclusion, Cointelegraph reported. Based on publicly available information, Bybit is not a MAS-licensed or regulated entity. Bybit’s website classifies Singapore as a restricted jurisdiction, and local users cannot access its services.
