QCP Trading has obtained the provisional approval for a major payment institution license from the Monetary Authority of Singapore.

Odaily Planet Daily News According to official sources, QCP announced that its over-the-counter Spot trading department, QCP Trading, has obtained the principle approval (IPA) of the Monetary Authority of Singapore (MAS) for the major payment institution (MPI) license. IPA is an important step towards obtaining a comprehensive license, allowing QCP Trading to prepare for providing regulated digital payment TokenSpot trading services.

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