Basics. The Monetary Authority of Singapore (MAS) approved the license under the Payment Services Act. Third-party validation was also a helpful factor (Sygna was the first solution to be independently reviewed by ACCESS , the Singapore-based blockchain . Established in Australia in 2013, Independent Reserve embarked on its international expansion plans in late 2019, setting up its first overseas operations in Singapore to provide digital asset exchange and OTC trading services to people and institutions. Cryptocurrency Exchange Independent Reserve Gets Singapore ... The platform was founded in 2013 and this exchange is a pre-regulation platform known for its highest levels of security. Independent Reserve's CEO, Adrian Przelozny, considers the country to be an important hub within Asia mainly because of Singapore's highly regulated and robust financial market framework and infrastructure, as well as its open-mindedness when it comes to new technologies and practices. Singapore issues first "in-principle" regulatory license ... The approval was granted following a rigorous review of Independent Reserve by the local regulator, the Monetary Authority of Singapore . 17 Ways You Can Buy Bitcoin In Singapore (2021 ... MAS grants crypto license to Independent Reserve Once you have deposited the SGD, simply visit the "Buy" screen and select the . AU. Incorporated in Singapore. Commenting on the motivation for the expansion plans, Adrian Przelozny, CEO and co-founder said that: In early 2020 the strides that Singaporean regulators were making in the digital asset space caught the attention of one of Australia's oldest and most trusted digital asset exchanges, Independent Reserve. Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an "overwhelmingly positive" response from the regulator. According to him, the country has a lot of potentials and favors a climate that is crypto-friendly. Independent Reserve was the first VASP to announce on 3 August that it had received an "in-principle" approval letter for a Major Payment Institution License in Singapore from the MAS to provide digital asset exchange and OTC trading services to people and institutions in Singapore. INDEPENDENT RESERVE SG PTE. Established in Australia in 2013, Independent Reserve embarked on its international expansion plans in late 2019, setting up its first overseas operations in Singapore to provide digital asset exchange and OTC trading services to people and institutions. Independent Reserve Cryptocurrency Exchange in Singapore Address, Phone, Website, Hours. Citing research reports and surveys done in the region, Independent Reserve Singapore managing director Raks Sondhi says 43% of Singaporeans own cryptocurrency, compared to just 4% to 19% recorded in markets such as Malaysia, Japan and Australia. Preparation. This foundational role, for the Singapore office, would suit an experienced operator, with a background in institutional middle office/settlements. WOW Digital Technologies Pte Ltd. SFA member Payments AML/KYC. Independent Reserve Singapore is seeking a highly capable middle office hire. Independent Reserve aims to continue building its presence in Singapore and the rest of Asia. The Independent Reserve Cryptocurrency Index (IRCI) Singapore is a nationwide, cross-sectional research survey (mirroring Singapore's demographics with a proportionate split between genders, age, income and ethnic backgrounds) that examines a nation's awareness, adoption, trust and confidence in cryptocurrency. [SINGAPORE, 2 August 2021] Cryptocurrency exchange Independent Reserve has today received an "in-principle approval" letter for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore ("MAS") under the Payment Services Act ("PSA") to operate as a regulated provider for Digital Payment Token ("DPT") Services. Do note that Xfers limts transactions to 20,000 SGD a day and 30,000 SGD a year Link. Alternatively, deposit via EFT or SWIFT. as I understand it, section 23 essentially requires us to store all customer funds in a safeguarding institution (ie a Singapore regulated bank). One of the most trusted digital assets exchange, used by over 200,000 customers. Independent Reserve in favor of Singapore's Strict crypto regulations. One of the best decisions I made when deciding to invest was choosing to deal with the team at Independent Reserve. Here's how you can buy USDT on their platform: Deposit SGD into your account. Create your account. Independent Reserve. Like Independent Reserve, the MAS also allowed DBS Vickers (DBSV) - the brokerage arm of DBS Bank - to provide digital asset services inside Singapore's borders. Deposit funds. You can deposit SGD instantly via Xfers to start buying Bitcoin today. The address of the Company's registered office is at the INCOME AT RAFFLES building. LTD. Independent Reserve, a cryptocurrency exchange firm, has officially received a major payment institution license from the Monetary Authority of Singapore (MAS), according to a company statement. The Company current operating status is live and has been operating for 2 years. MAS' local regulatory framework meant Independent Reserve could confidently establish crypto exchange and OTC trading desk services in the country to serve both people and institutions. Independent Reserve is a licenced crypto exchange that delivers exceptional customer service and provides a stable and secure platform. Cryptocurrency exchange Independent reserve Today, we received a "Principle Approval" letter from the Monetary Authority of Singapore (MAS) for Singapore's leading payment institution licenses, which act as a regulated provider of digital . Independent Reserve is very supportive of new investors and their support service is first class. Singapore Grants Crypto Licenses to DBS and Independent Reserve The Monetary Authority of Singapore (MAS), the country's central bank, has formally approved two companies to provide crypto services. Licence Type/Status. LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 16 December 2019 (Monday) in Singapore. The CEO of Independent Reserve, Adrian Przelozny, spoke of the crypto regulatory framework in Singapore, noting that it was highly detailed. The Monetary Authority of Singapore (MAS), the country's central bank, has formally approved two companies to provide crypto services. Bank transfer, Debit card, PayPal, Wire transfer. Furthermore, they have received approval from the MAS to operate a cryptocurrency exchange in Singapore . INDEPENDENT RESERVE SG PTE. Your mobile phone; ID documents if you do not already have an Xfers or Independent Reserve account; 2. Per an announcement, DBSV can now directly support asset managers and companies to trade in digital payment tokens through the DBS Digital Exchange (DDEx). Description. Since 2019, Independent Reserve has been expanding internationally and Singapore was the first place the exchange set up overseas operations. The range of coins available on Independent Reserve is pretty limited, so if this licensing brings no advantage to the consumer, I don't see any particular reason to migrate to it. Register now in just a few minutes. Furthermore, they have received approval from the MAS to operate a cryptocurrency exchange in Singapore! Bitcoin hits new highs, 18.4% of Aussies own crypto Read more Press Release: Almost one in five Australians now own cryptocurrency Read more You can deposit SGD into Xfers through a DBS Bank account. Independent Reserve provides SGD, AUD, USD and NZD fiat-to-crypto trading pairs. It provides U.S. dollar, Singapore dollar, Australian dollar and New Zealand dollar fiat-to-crypto trading pairs. INDEPENDENT RESERVE SG PTE. WOW Digital Technologies Pte Ltd ("WDT") is a young technology company with a matured products cr. Independent Reserve. The licence is a major step forward for individuals and companies in Singapore looking for an easy and trusted . Over 200,000 customers from Singapore, Australi. Furthermore, they are the first retail cryptocurrency exchange in Singapore to attain a licence from MAS. Independent Reserve aims to continue building its presence in Singapore and the rest of Asia. Founded in Australia . Independent Reserve, Australia's cryptocurrency exchange, has received an"in-principle approval" under the Payment Services Act from the Monetary Authority of Singapore (MAS), Bloomberg reports.Thus, the Sydney-based trading platform became one of the first crypto exchanges to obtain such an approval. In 2019, the company forged a number of strategic partnerships and witnessed business growth that led it to expand its services to the Asia Pacific country. Independent Reserve provides SGD, AUD, USD and NZD fiat-to-crypto trading pairs. Singapore is one of the few countries that openly support cryptocurrencies and blockchain projects. Independent Reserve is an exchange that was founded in Australia. Independent Reserve is, in principle, licensed by Singapore regulators. Further, the residents of Singapore will now be able to purchase, sell, and trade cryptocurrencies via the Independent Reserve Platform. Trusted by over 200,000 customers and established in 2013, Independent Reserve is one of the most trusted exchanges in South-East Asia. Independent Reserve, one of Australia's largest cryptocurrency exchanges, received in principle approval from the Monetary Authority of Singapore (MAS) to operate digital payment token services. Cryptocurrency Exchange Independent Reserve has received an in-principle approval letter from the Monetary Authority of Singapore under the Payment Services Act for a Major Payment Institution Licence to function as a regulated provider for Digital Payment Token Services, making it Singapore's first cryptocurrency exchange to function as a fully regulated virtual asset service provider. 1. As part of the expansion, Independent Reserve will be adding Singaporean dollar trading pairs to the exchange. Instant deposits for Australian and Singaporean customers. Independent Reserve CEO Adrian Przelozny was asked the reason for choosing Singapore as the firm's first stop for seeking approval. Cryptocurrency exchange Independent Reserve has got an "in-principle approval" from the Monetary Authority of Singapore under the Payment Services Act, allowing the firm to operate as a . Independent Reserve secures first in-principle license approval in Singapore. [SINGAPORE, 2 August 2021] Cryptocurrency exchange Independent Reserve has today received an "in-principle approval" letter for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore ("MAS") under the Payment Services Act ("PSA") to operate as a regulated provider for Digital Payment Token ("DPT") Services. According to an announcement by Independent Reserve, the firm became the first Australian cryptocurrency exchange available to retail and institutional investors in Singapore. Independent Reserve provides SGD, AUD, USD and NZD fiat-to-crypto trading pairs. On Independent Reserve's website. Open your Independent Reserve account today in 3 easy steps. The exchange argues that this approval adds a security firewall for its . Independent Reserve is an exchange that was founded in Australia. https://wowdigital.ai/.

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