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<ul><li>GSR Markets has been granted a Major Payment Institution license by Singapore&#39;s Monetary Authority, marking a significant milestone for the crypto market maker.</li><li>With this license, GSR Markets is set to broaden its offerings to include spot over-the-counter trading and market-making services.</li><li>Singapore amended the Payment Services Act in 2021 to include more crypto services like custody and cross-border remittance.</li></ul>GSR Markets, a major crypto market maker, has made <a href="https://www.bloomberg.com/news/articles/2024-04-04/singapore-licenses-crypto-market-maker-gsr-in-rare-step-for-industry#:~:text&#61;GSR%20had%20received%20an%20in,out%20a%20digital%2Dasset%20hub." rel="noopener noreferrer nofollow">headlines</a> as it secured a Major Payment Institution license in Singapore. Authorized by the Monetary Authority of Singapore (MAS), the development has labeled GSR Markets as one of the first firms of its kind to receive this license.GSR will now be able to provide offerings related to “digital payment tokens,” the name authorities have designated for cryptocurrencies. This license allows the market maker to offer spot over-the-counter and market-making services in accordance with Singapore’s regulatory framework.GSR Group CEO Jakob Palmstierna said in the official release:&#34;We are proud to receive the MPI license from MAS, a regulator that promotes sustainable non-inflationary economic growth, and a sound and progressive financial center.&#34;Read more : <a href="https://cryptotale.org/singapores-mas-grants-gsr-markets-license-to-enhance-crypto-services/" rel="noopener noreferrer nofollow">Singapore&#39;s MAS Grants GSR Markets License to Enhance Crypto Services</a>

Singapore's MAS Grants GSR Markets License to Enhance Crypto Services

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