Singapore finance authority grants licenses to Independent Reserve
![Singapore finance authority grants licenses to Independent Reserve and DBS](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556444946.jpg)
Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country.
MAS issued Oct. 1 licenses to Australian crypto exchange Independent Reserve and DBS Bank’s brokerage arm, DBS Vickers (DBSV), allowing them to provide digital payment token services under the Payment Services Act (PS Act).
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