Business

Swiss crypto bank Sygnum secures principal approval in Singapore By Cointelegraph




Sygnum Singapore, a subsidiary of Swiss-based crypto bank Sygnum, is expanding its services after securing new regulatory approval from local authorities.

Company announced Third, Sygnum Singapore has received in-principle approval from the Monetary Authority of Singapore (MAS) to offer three additional regulated operations under a capital markets services (CMS) license. The The original CMS license has been granted in 2019, allowing Sygnum Singapore to perform asset management activities.