Ripple has been granted a full license by the Monetary Authority of Singapore (MAS) to operate as a major payments institution in the country. This license allows Ripple to provide digital payment token services, joining a list of 14 others given the same license by MAS. Ripple has had its Asia Pacific headquarters in Singapore since 2017.

Ripple chief Brad Garlinghouse said in a statement that Singapore has developed into one of the leading fintech and digital asset hubs, striking the balance between innovation, consumer protection and responsible growth. He also said that Singapore has been pivotal to Ripple’s global business.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries	🇸🇬
Sentiment	positive
Relevance Score	8
People	Brad Garlinghouse, Monetary Authority of Singapore
Companies	Monetary Authority of Singapore (MAS), Coinbase, Independent Reserve, Blockchain.com, Ripple
Currencies	None
Securities	None