QCP Trading has received approval-in-principle from the Monetary Authority of Singapore for a major payment institution license
On November 11, QCP announced that its over-the-counter spot trading arm, QCP Trading, has received approval in principle (IPA) for a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). The IPA is an important step towards obtaining a full license, allowing QCP Trading to prepare for the provision of regulated digital payment token spot trading services.