BHEX.SG, a Singapore-based cryptocurrency exchange, has received the standard payment institution license from the Monetary Authority of Singapore (MAS).
The licence comes after the exchange was subject to a “stringent examination” and “approval process” conducted by the Singapore central bank.
The granting of the licence will enable BHEX.SG to offer digital payment token (DPT) services to customers in Singapore.
BHEX.SG, which was founded in 2018, has partnered with leading licensed service providers in the global market. Its business aims to focus on institutional investors, family offices, as well as accredited and high-net-worth investors.
"Compliance is an essential element in the digital asset industry and BHEXSG is committed to being a fully compliant service provider to protect our customers. Future opportunities in the industry belong to companies that practice these values,” says Tyler Wu, CEO of BHEX.SG
