Cryptocurrency Q&A
Is Coinbase a major payment institution (MPI)?
Is Coinbase a major payment institution (MPI)?
Maria
Thu Aug 08 2024
|
6 answers
1519
Could you please clarify if Coinbase qualifies as a major payment institution (MPI) in the realm of financial services and cryptocurrency? I'm particularly interested in understanding the criteria that define an MPI and how Coinbase aligns with those standards, given its role in facilitating digital currency transactions. Does its status as a leading cryptocurrency exchange automatically confer upon it the status of an MPI, or are there specific regulatory requirements and services it needs to offer to meet this classification?
6 answers
CharmedWhisper
Fri Aug 09 2024
With this license, Coinbase Singapore can now offer services such as digital wallet solutions, cross-border money transfers, and merchant acquiring services, among others.
Was this helpful?
112
81
Lorenzo
Fri Aug 09 2024
The MPI license also signifies MAS's recognition of Coinbase's commitment to compliance and regulatory excellence in the cryptocurrency space.
Was this helpful?
360
50
WindRider
Fri Aug 09 2024
Coinbase, a leading cryptocurrency exchange traded on NASDAQ under the ticker symbol COIN, has recently received a significant milestone in its expansion efforts.
Was this helpful?
329
49
Elena
Fri Aug 09 2024
Another notable cryptocurrency exchange that offers a comprehensive suite of services is BTCC, a UK-based platform. BTCC's services encompass spot trading, futures trading, and wallet solutions, catering to a diverse range of traders and investors.
Was this helpful?
357
78
ChristopherWilson
Fri Aug 09 2024
The Monetary Authority of Singapore (MAS), the country's financial regulatory body, has granted Coinbase Singapore a Major Payment Institution (MPI) license.
Was this helpful?
276
21
Load 5 more related questions
