Aiying Ai Ying reported that crypto market maker GSR has obtained a major payment institution license issued by the Monetary Authority of Singapore. Song Xin, CEO of Jinshajiang Singapore, said in a statement on Thursday that the company is one of the first companies to obtain a major payment institution license issued by the Monetary Authority of Singapore.
The license will allow the company to conduct spot over-the-counter trading and market making services within the regulatory framework of the Monetary Authority of Singapore. Jinshajiang Singapore received the in-principle approval from the Monetary Authority of Singapore in September last year.