BitGo secures preliminary approval in Singapore to become major payment institution
Crypto custodial service provider BitGo has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI), according to a Jan. 10 statement. MPI-licensed companies in Singapore hold the authority to conduct their operations without encountering the transaction limits set at 3 million Singapore dollars, or $2.2 million,...