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how long does it take to withdraw from bodog Key takeawaysCircle has received its Major Payment Institution (MPI) license for digital payment token services in Singapore.The company was first issued an in-principle approval in November 2022.Circle receives a digital token licence in SingaporeCircle, the company that issues the USDC stablecoin,announced on Wednesday, June 7th, that it has received its Major Payment Institution (MPI) license for digital payment token services in Singapore.Thislatest cryptocurrency news comes after the company obtained in-principle approval last November.According to the company, the license issued by the Monetary Authority of Singapore (MAS) allows it to offer digital payment token services, cross-border money transfer services and domestic money transfer services in Singapore.While commenting on this latest development, Jeremy Allaire, the CEO of Circle, said;Singapore is integral to Circles global expansion and mission in raising global economic prosperity and through the frictionless exchange of value. We are honored to receive the MPI license from MAS, and we remain committed to being a part of Singapores dynamic economy by advancing the future of financial technology innovations in the city-state, uplifting its emerging technology and fintech sector, and creating business and career opportunities for its technology and financial industry talent.Circle Singapore is an affiliate of Circle Internet Financial, the company that issues the USDC stablecoin.Circle falls behind Tethers USDTCircle has seen its USDC stablecoin take a hit this year due to the banking crisis in the United States. As the second-largest stablecoin by market cap, USDC has fallen behind Tethers USDT in recent months.At the moment, Tethers USDT stablecoin has a market cap of .2 billion, more than twice that of USDC (.75 billion).Singapores MAS proposed stablecoin regulation last year, which introduced capital and reserve requirements for issuers. The regulatory agency also seeks to ban users from some crypto-related activities like staking and lending.
- how long does it take to withdraw from bodog Dutch officials are planning to restrict China’s access to edge-cutting chip technologies and equipment as part of a deal with US officials, sources familiar with the matter have told Bloomberg. The curbs under discussion could be implemented as soon as next month, according to Bloomberg sources. The move could affect key Netherlands-based chipmaking equipment supplier ASML, whose products are critical for most advanced chips. US officials unveiled new chip export bans on China in October, leading ASML to instruct its employees to stop serving Chinese clients. According to ASML, 5% of its undelivered orders will be affected by the US’s new export controls. [Bloomberg]