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South Korean crypto exchange Upbit wins Singapore permit

Bloomberg
Bloomberg • 1 min read
South Korean crypto exchange Upbit wins Singapore permit
Singapore, a financial hub in Asia, will allow Upbit to offer its services in “retail, institutional, and infrastructure focused businesses". Photo: Bloomberg
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South Korean leading crypto exchange Upbit has received an in-principle approval from the Monetary Authority of Singapore to offer digital payment token services in the city state, according to a company statement.

  • Singapore, a financial hub in Asia, will allow Upbit to offer its services in “retail, institutional, and infrastructure focused businesses,” Alex Kim, founder and CEO of Upbit Singapore, said in the statement

  • Upbit Singapore is a wholly-owned subsidiary of Upbit APAC — a holding company that also operates regulated digital asset exchanges in Thailand and Indonesia: statement

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