SAN FRANCISCO, April 15 (Bernama-BUSINESS WIRE) — Apifiny, a digital asset marketplace that facilitates institutional access to regulated, global financial markets, announced it has been granted an exemption by the Monetary Authority of Singapore (MAS) from holding a license under that country’s Payment Services Act (PSA). With this exemption, Apifiny can provide digital payment token services to businesses and residents of Singapore through services such as GlobalX, an Execution Services platform that will provide professional traders with access to global digital asset exchanges via a single account.*
In being granted this exemption, Apifiny joins the local entities of many top crypto firms. According to MAS, exempted firms may provide digital payment token services until July 28, 2020, the deadline by which licensing applications to provide these services must be submitted.