Global retail cryptocurrency platform Luno has obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to provide Digital Payment Token Services (DPT) in Singapore.
Luno’s global customer base grew by 35% year-on-year and aims to bring cryptocurrency to over 1 billion customers by 2030.
Luno Singapore has been granted in-principle approval from the MAS, under the Payment Services Act (PSA), to provide DPT services in Singapore.
This milestone marks Luno as the first global retail-focused cryptocurrency platform in Singapore to obtain IPA from the MAS, which will enable the accessibility of cryptocurrency in a well-regulated environment that safeguards the interest of consumers.
More details below from the press release.
