Coinbase, a US-based cryptocurrency exchange, has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to provide regulated digital payment token (DPT) products and services to both individuals and institutions in Singapore. Coinbase has expressed its gratitude to the MAS for its instrumental role in the company’s journey.Coinbase has also implemented new funding options this year, including PayNow and FAST bank transfers, as well as the SingPass onboarding system. Hassan Ahmed, the director of Coinbase Singapore, emphasized the company’s desire for regulatory clarity, innovation, and user trust.Coinbase has also invested in over 15 Web3 startups in the Asia Pacific region through its investment arm, Coinbase Ventures. Despite facing regulatory challenges, Coinbase has managed to perform well in the market.

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Information	Details
Geography	Asia
Countries	🇸🇬 🇺🇸
Sentiment	neutral
Relevance Score	8
People	SEC, Monetary Authority of Singapore, United States Securities and Exchange Commission, Coinbase Ventures, Hassan Ahmed
Companies	Monetary Authority of Singapore (MAS), PrimeXBT, crypto.com, Circle, Coinbase, Binance, United States Securities and Exchange Commission (SEC)
Currencies	US Dollar, Ethereum, Bitcoin, PodFast, Singapore Dollar
Securities	None