Cryptocurrency Q&A
Is Coinbase legal Singapore?
Is Coinbase legal Singapore?
SsangyongSpiritedStrength
Sat Jun 08 2024
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5 answers
1255
Could you please clarify for me, is Coinbase considered legal in Singapore? I've been hearing a lot about cryptocurrency exchanges and am interested in exploring this option, but I want to ensure that I'm operating within the legal framework. Could you provide any insight into the legality of using Coinbase in Singapore? I appreciate your assistance in helping me understand this matter.
5 answers
EmmaWatson
Mon Jun 10 2024
Additionally, the MPI licence also permits Coinbase SG to offer digital payment token services. This includes facilitating transactions in cryptocurrencies, providing customers with secure and efficient ways to buy, sell, and store digital assets.
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Chiara
Mon Jun 10 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services that cater to different aspects of the crypto ecosystem. Its services include spot trading, futures trading, and wallet solutions, among others.
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SakuraPetal
Mon Jun 10 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at market prices, providing them with liquidity and convenience. Its futures trading offering, on the other hand, enables investors to speculate on the future prices of digital assets, offering potential for profits and hedging strategies.
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NebulaNavigator
Mon Jun 10 2024
Coinbase SG has recently achieved a significant milestone in its journey as a cryptocurrency and finance player. It has successfully obtained a Major Payment Institution (“MPI”) licence from the Monetary Authority of Singapore ("MAS"), a renowned regulatory body.
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AmethystEcho
Mon Jun 10 2024
This licence signifies that Coinbase SG has met the rigorous standards set by MAS and is now authorised to provide cross-border money transfer services. This expansion in its service offerings allows the company to cater to a wider range of customers and financial needs.
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