QCP Trading Receives In-Principle Approval for Singapore’s Major Payment Institution License
Key developments reinforce QCP Trading’s commitment to regulatory excellence. singapore.
singapore, November 11, 2024 /CNW/ — QCP Trading Pte. Ltd. (“QCP Trading”) has received In-Principal Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Financial Services Authority. singapore (“MAS”). The IPA represents an essential step towards full licensing, enabling QCP Trading to prepare to provide regulated spot trading services for digital payment tokens.
IPA reinforces QCP Trading’s commitment. singaporean It is an important step towards the end goal of providing compliant, innovative and efficient solutions to our customers with high regulatory standards. QCP Trading aims to provide spot trading on a variety of stablecoins and major digital tokens, supported by comprehensive on/off ramping services in a variety of currencies. Leveraging 24/7 support, seamless API integrations, dedicated voice trading capabilities, and same-day payments through local banking partners, QCP Trading seeks to build a leading spot franchise and establish itself as one of the most price-competitive players in digital assets. space.
“We remain focused on support as we pursue full MPI licensing. singaporean “Our reputation as a leader in digital asset regulation is growing.” Let’s see Darius.QCP Trading Founder. “We pride ourselves on our ability to be nimble and responsive to global and local market conditions, which is key to our success in this rapidly evolving sector. This latest milestone for QCP Trading reinforces our belief in the importance of a strong regulatory foundation for sustainable growth and positions us to be a trusted partner in the digital asset space.”
“QCP Trading aims to champion strong governance frameworks and our early recognition of the important role of regulation has proven to be a strategic foresight.” Melvin DengQCP Trading CEO Added. “We reaffirm our commitment to fostering strong partnerships. singapore We look forward to working closely with MAS to achieve the MPI license.”
with singapore QCP Trading aims to grow its local team at the core of its strategy, prioritizing hiring exceptional talent to drive continued growth and ensure compliance with local regulations. QCP Trading is committed to providing institutional-grade solutions in digital asset spot trading and has established itself as a trusted partner. Asia And more.
Introduction to QCP Trading
QCP Trading is the dedicated OTC spot trading division of QCP Group, providing secure, compliant and efficient spot trading solutions to institutional clients. QCP Trading offers a variety of services such as on/off ramping, seamless API integration, and personalized voice trading channels to ensure fast settlement times and a smooth, customized trading experience.
QCP Trading has received an IPA from MAS for an MPI license to provide digital payment token services for OTC spot trading. singapore.
More information can be found here: www.qcpgroup.com.
Media Contact
Elisha Tiara – elisha.thiara@qcp.capital
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