Key improvement reinforces QCP Buying and selling’s dedication to regulatory excellence in Singapore.
SINGAPORE, Nov. 11, 2024 /CNW/ — QCP Buying and selling Pte. Ltd. (“QCP Buying and selling”), has acquired an In-Precept Approval (“IPA”) for a Main Cost Establishment (“MPI”) License from the Financial Authority of Singapore (“MAS”). The IPA represents an important step towards full licensing, permitting QCP Buying and selling to arrange to supply regulated spot buying and selling providers for digital fee tokens.
The IPA reinforces QCP Buying and selling’s dedication to Singapore’s excessive regulatory requirements, marking a key step in the direction of the eventual objective of offering compliant, revolutionary, and environment friendly options for purchasers. QCP Buying and selling goals to offer spot buying and selling for a variety of stablecoins and main digital tokens supported by its complete on/off ramping providers in a number of currencies. Leveraging 24/7 help, seamless API integration, devoted voice buying and selling capabilities and same-day settlement by way of its native banking companions, QCP Buying and selling aspires to construct a number one spot franchise and place itself as some of the price-competitive gamers within the digital asset area.
“As we pursue the total MPI license, we stay centered on supporting Singapore’s rising popularity as a frontrunner in digital asset regulation,” stated Darius Sit, Founding father of QCP Buying and selling. “We take pleasure in our capacity to stay agile and conscious of each international and native market situations, which is the important thing to success on this quickly evolving sector. This newest milestone for QCP Buying and selling reinforces our perception within the significance of a robust regulatory basis for sustainable progress and positioning ourselves to be a trusted companion of selection within the digital asset area.”
“QCP Buying and selling goals to champion sturdy governance frameworks and our early recognition of the vital function of regulation has confirmed to be a strategic foresight,” Melvin Deng, Chief Govt Officer of QCP Buying and selling added. “We reaffirm our dedication to fostering sturdy partnerships in Singapore and look ahead to working carefully with the MAS to realize the MPI license.”
With Singapore on the core of its technique, QCP Buying and selling goals to develop the native group, prioritizing the recruitment of remarkable expertise to facilitate its ongoing progress and guarantee adherence to native rules. QCP Buying and selling is devoted to delivering institutional-grade options in digital property spot buying and selling, positioning itself as a trusted companion in Asia and past.
About QCP Buying and selling
QCP Buying and selling is the devoted OTC spot buying and selling arm of QCP Group, offering institutional purchasers with safe, compliant, and environment friendly spot buying and selling options. QCP Buying and selling affords a wide selection of providers equivalent to on/off ramping, seamless API integration, and personalised voice buying and selling channels, making certain a clean and tailor-made buying and selling expertise with fast settlement instances.
QCP Buying and selling has acquired the IPA from MAS for an MPI License to offer digital fee token providers for OTC spot buying and selling in Singapore.
Extra data might be discovered at www.qcpgroup.com.
Media Contact
Elisha Thiara – elisha.thiara@qcp.capital
View authentic content material:https://www.prnewswire.com/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300849.html
SOURCE QCP
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