So far, only 15 firms have been granted the MPI licence to become digital payment token service providers. Another two firms hold the standard payments institution licence. All 17 firms are able to provide digital payment token services, such as the buying and selling of digital payment tokens on their platforms.
Moomoo Financial Singapore has received an in-principle approval for a major payment institution (MPI) license - digital payment token service from the Monetary Authority of Singapore (MAS).
Moomoo, which is the first digital brokerage to receive the licence, is now able to offer digital payment token services to retail and institutional investors in Singapore once it gets the full licence.
