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Swiss crypto bank Sygnum secures in-principal approval in Singapore

2022/03/08 10:57

According to Cointelegraph, Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding services after securing new regulatory approval from local authorities. The company announced Tuesday that Sygnum Singapore received in-principle approval from the Monetary Authority of Singapore (MAS) to offer three additional regulated activities under capital markets services (CMS) license. The latest in-principle regulatory approval upgrades Sygnum Singapore to enable new tools like providing corporate finance advisory services, dealing with tokenized capital market products and digital assets, as well as offering custodial services for asset and security tokens.
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