[SINGAPORE, 2 August 2021] Cryptocurrency exchange Independent Reserve has today received an "in-principle approval" letter for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore ("MAS") under the Payment Services Act ("PSA") to operate as a regulated provider for Digital Payment Token ("DPT") Services. Users can buy and sell 24 major cryptocurrency assets with 0.5% trading fees with dollar cost averaging and tax tools to complete the experience. Go to Buy/Sell and select the USDT/SGD trading pair. According to a new survey by the Independent Reserve of the Asia-Pacific Cryptocurrency Exchange, the next generation of cryptocurrency adoption in Singapore will utilize the wealth potential of bitcoin (BTC) and other digital assets.. Leading Australian cryptocurrency exchange Independent Reserve has announced that it will soon be expanding into Singapore. Alternatively, deposit via EFT or SWIFT. You can deposit SGD instantly via Xfers to start buying Bitcoin today. Per an announcement, DBSV can now directly support asset managers and companies to trade in digital payment tokens through the DBS Digital Exchange (DDEx). Independent Reserve. According to an announcement by Independent Reserve, the firm became the first Australian cryptocurrency exchange available to retail and institutional investors in Singapore. MAS' local regulatory framework meant Independent Reserve could confidently establish crypto exchange and OTC trading desk services in the country to serve both people and institutions. https://wowdigital.ai/. Australian cryptocurrency exchange Independent Reserve has launched its services in Singapore, the company announced in a press release.. Commenting on the motivation for the expansion plans, Adrian Przelozny, CEO and co-founder said that: WOW Digital Technologies Pte Ltd. SFA member Payments AML/KYC. Here's how you can buy BTC on their platform: Deposit SGD into your account Independent Reserve is an exchange that was founded in Australia. As part of the expansion, Independent Reserve will be adding Singaporean dollar trading pairs to the exchange. Independent Reserve Cryptocurrency Exchange in Singapore Address, Phone, Website, Hours. The Monetary Authority of Singapore (MAS), the country's central bank, has formally approved two companies to provide crypto services. Established in Australia in 2013, Independent Reserve embarked on its international expansion plans in late 2019, setting up its first overseas operations in Singapore to provide digital asset exchange and OTC trading services to people and institutions. Independent Reserve Cryptocurrency Exchange in Singapore Address, Phone, Website, Hours Independent Reserve is an exchange where traders can buy and sell five popular cryptocurrencies using four fiat currencies: Australian dollars (AUD), New Zealand dollars (NZD), Singapore dollars (SGD) and US dollars (USD). Established in 2013, Independent Reserve is one of the oldest and most trusted exchanges in South-East Asia. Australian cryptocurrency exchange Independent Reserve has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for digital payment token (DPT) services.. Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an "overwhelmingly positive" response from the regulator. The Company current operating status is live and has been operating for 2 years. Instant deposits for Australian and Singaporean customers. Independent Reserve in favor of Singapore's Strict crypto regulations. Open your Independent Reserve account today in 3 easy steps. Account Funding Options. Trusted by over 200,000 customers and established in 2013, Independent Reserve is one of the most trusted exchanges in South-East Asia. While according to the IRCI results about 43% from the poll already owned some assets in cryptocurrency while the other 46% said they plan to buy cryptocurrency . According to a statement from the Independent Reserve, the firm said that it is one of the first virtual asset service providers (VASPs) to obtain an in-principle approval letter . Independent Reserve SG Pte. Cryptocurrency exchange Independent Reserve has today received approval for a Major Payment Institution Licence in Singapore, making it the first and only Australian virtual asset service provider available to retail and institutional investors in Singapore.. Do note that Xfers limts transactions to 20,000 SGD a day and 30,000 SGD a year Link. The Monetary Authority of Singapore has granted preliminary approval for one of the city-state's first cryptocurrency exchanges, allowing Independent Reserve to operate as a regulated provider . Independent Reserve is an exchange that was founded in Australia. LTD. Cryptocurrency exchange Independent Reserve has got an "in-principle approval" from the Monetary Authority of Singapore under the Payment Services Act, allowing the firm to operate as a . Certified FinTech. The Independent Reserve Cryptocurrency Index (IRCI) Singapore is a nationwide, cross-sectional research survey (mirroring Singapore's demographics with a proportionate split between genders, age, income and ethnic backgrounds) that examines a nation's awareness, adoption, trust and confidence in cryptocurrency. Duration: 02:24 10/4/2021. LTD. 2. Here's how you can buy BTC on their platform: Deposit SGD into your account On Independent Reserve's website. The CEO of Independent Reserve, Adrian Przelozny, spoke of the crypto regulatory framework in Singapore, noting that it was highly detailed. Independent Reserve Singapore is seeking a highly capable middle office hire. Since 2019, Independent Reserve has been expanding internationally and Singapore was the first place the exchange set up overseas operations. Citing research reports and surveys done in the region, Independent Reserve Singapore managing director Raks Sondhi says 43% of Singaporeans own cryptocurrency, compared to just 4% to 19% recorded in markets such as Malaysia, Japan and Australia. On 1st October 2021, Independent Reserve became the first fully licensed exchange to operate as a regulated provider of Digital Payment Token Services in Singapore. Certified FinTech. You can deposit SGD into Xfers through a DBS Bank account. Independent Reserve, which was founded in Australia in 2013 and now has more than 230,000 users in Australia and New Zealand, chose to set up its first overseas office in Singapore in 2019. Independent Reserve. Independent Reserve provides SGD, AUD, USD and NZD fiat-to-crypto trading pairs. This was the catalyst for their expansion into Singapore which . Independent Reserve aims to continue building its presence in Singapore and the rest of Asia. [SINGAPORE, 2 August 2021] Cryptocurrency exchange Independent Reserve has today received an "in-principle approval" letter for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore ("MAS") under the Payment Services Act ("PSA") to operate as a regulated provider for Digital Payment Token ("DPT") Services. Deposit funds. Independent Reserve is an exchange where traders can buy and sell five popular cryptocurrencies using four fiat currencies: Australian dollars (AUD), New Zealand dollars (NZD), Singapore dollars (SGD) and US dollars (USD). AUD, USD, NZD and SGD accepted. Singapore (Swapnil Bapat/Unsplash) Crypto exchange Independent Reserve says it has marked an Australian first in receiving a Major Payment Institution Licence from the Monetary Authority of . Independent Reserve is an exchange that was founded in Australia. Independent Reserve is a licenced crypto exchange that delivers exceptional customer service and provides a stable and secure platform. Independent Reserve secures first in-principle license approval in Singapore. As a fully licensed virtual asset service provider regulated under the Monetary Authority of Singapore, Independent Reserve is obliged to take all necessary steps to conduct its business transparently and in line with MAS requirements. INDEPENDENT RESERVE SG PTE. The CEO of Independent Reserve, Adrian Przelozny, stated that residents in Singapore would have a faster and secure way of offering services related to digital assets with this new license. The approval was granted following a rigorous review of Independent Reserve by the local regulator . Singapore's Crypto Regulatory Framework. Furthermore, they are the first retail cryptocurrency exchange in Singapore to attain a licence from MAS. It caters to retail users, trusts and businesses/institutions. INDEPENDENT RESERVE SG PTE. Register now in just a few minutes. In early 2020 the strides that Singaporean regulators were making in the digital asset space caught the attention of one of Australia's oldest and most trusted digital asset exchanges, Independent Reserve. LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 16 December 2019 (Monday) in Singapore. Incorporated in Singapore. In early 2020 the strides that Singaporean regulators were making in the digital asset space caught the attention of one of Australia's oldest and most trusted digital asset exchanges, Independent Reserve. Over 200,000 customers from Singapore, Australi. Major Payment Institution. Independent Reserve is very supportive of new investors and their support service is first class. Independent Reserve, one of Australia's largest cryptocurrency exchanges, received in principle approval from the Monetary Authority of Singapore (MAS) to operate digital payment token services. The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of Independent Reserve SG Pte. Third-party validation was also a helpful factor (Sygna was the first solution to be independently reviewed by ACCESS , the Singapore-based blockchain . Independent Reserve secures first in-principle license approval in Singapore. SYDNEY, Oct. 1, 2021 /PRNewswire/ — Cryptocurrency exchange Independent Reserve has today received approval for a Major Payment Institution Licence in Singapore, making it the first and only Australian virtual asset service provider available to retail and institutional investors in Singapore.. The approval was granted following a rigorous review of Independent Reserve by the local regulator, the Monetary Authority of Singapore . info@wowdigital.ai. Like Independent Reserve, the MAS also allowed DBS Vickers (DBSV) - the brokerage arm of DBS Bank - to provide digital asset services inside Singapore's borders. https://wowdigital.ai/. According to him, the country has a lot of potentials and favors a climate that is crypto-friendly. 1. WOW Digital Technologies Pte Ltd ("WDT") is a young technology company with a matured products cr. Bitcoin hits new highs, 18.4% of Aussies own crypto Read more Press Release: Almost one in five Australians now own cryptocurrency Read more Creating your Xfers account AU. Independent Reserve highlights its achievement of being the first exchange to get an in-principle approval license in a nation that has laid the strict regulatory framework for the crypto industry. This was the catalyst for their expansion into Singapore which . Trading Pairs: 1. This foundational role, for the Singapore office, would suit an experienced operator, with a background in institutional middle office/settlements. In 2019, the company forged a number of strategic partnerships and witnessed business growth that led it to expand its services to the Asia Pacific country. Create your account. Further, the residents of Singapore will now be able to purchase, sell, and trade cryptocurrencies via the Independent Reserve Platform. Independent Reserve is an exchange that was founded in Australia. Independent Reserve provides SGD, AUD, USD and NZD fiat-to-crypto trading pairs. The range of coins available on Independent Reserve is pretty limited, so if this licensing brings no advantage to the consumer, I don't see any particular reason to migrate to it. Independent Reserve, a cryptocurrency exchange firm, has officially received a major payment institution license from the Monetary Authority of Singapore (MAS), according to a company statement. as I understand it, section 23 essentially requires us to store all customer funds in a safeguarding institution (ie a Singapore regulated bank). 1 review. Raks Sondhi of Independent Reserve Singapore says the cryptocurrency . Independent Reserve CEO Adrian Przelozny was asked the reason for choosing Singapore as the firm's first stop for seeking approval. Reference from: www.psfx.org.br,Reference from: shoptxtur.com,Reference from: doggonedecals.com,Reference from: help.sinaweb.net,
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