Analysis Today TheBitTimes.com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Now that crypto’s volatile streak has calmed down considerably, many projects are looking to bring traditional finance, or TradFi, institutions into the blockchain fold. From banks to asset managers and investment firms, the crypto industry’s message to them has become this: The door is wide open, so step inside. You might also like: Blockchain developers must pull crypto out of its money laundering peril | Opinion But why? If there’s one thing that TradFi institutions are not particularly famous for, it’s embracing new technologies. Fintech companies that deal with fiat currency are typically more nimble here if PayPal jamming themselves into the stablecoin sphere is anything to go by. If you look at big-league banks and storied financial institutions , however, most are notoriously slow at matching adoption to the pa...

Singapore's Crypto.com expands its regulatory achievements by securing MPI license for DPT services from MAS. The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it has been granted a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services by the Monetary Authority of Singapore (MAS).  The announcement comes after Crypto.com received its in-principle approval from MAS in June 2022. With the MPI licence, Crypto.com is now authorized to offer its DPT services to customers in Singapore. The Monetary Authority of Singapore serves as the central bank and primary financial regulatory authority in Singapore. It is responsible for overseeing and implementing legislation related to money, banking, insurance, securities, and the overall financial industry, including the issuance of currency. This latest announcement adds to Crypto.com's track record of securing regulatory license s. Crypto.com has also achieved registration as a Di...