Key improvement reinforces QCP Buying and selling’s dedication to regulatory excellence in Singapore.
SINGAPORE, Nov. 11, 2024 /CNW/ — QCP Buying and selling Pte. Ltd. (“QCP Buying and selling”), has obtained an In-Precept Approval (“IPA”) for a Main Cost Establishment (“MPI”) License from the Financial Authority of Singapore (“MAS”). The IPA represents a necessary step towards full licensing, permitting QCP Buying and selling to organize to supply regulated spot buying and selling providers for digital cost tokens.
The IPA reinforces QCP Buying and selling’s dedication to Singapore’s excessive regulatory requirements, marking a key step in the direction of the eventual objective of offering compliant, progressive, and environment friendly options for shoppers. QCP Buying and selling goals to supply spot buying and selling for a variety of stablecoins and main digital tokens supported by its complete on/off ramping providers in a number of currencies. Leveraging 24/7 assist, seamless API integration, devoted voice buying and selling capabilities and same-day settlement by its native banking companions, QCP Buying and selling aspires to construct a number one spot franchise and place itself as one of the price-competitive gamers within the digital asset house.
“As we pursue the total MPI license, we stay targeted on supporting Singapore’s rising popularity as a pacesetter in digital asset regulation,” mentioned Darius Sit, Founding father of QCP Buying and selling. “We take pleasure in our means to stay agile and attentive to each international and native market circumstances, which is the important thing to success on this quickly evolving sector. This newest milestone for QCP Buying and selling reinforces our perception within the significance of a powerful regulatory basis for sustainable development and positioning ourselves to be a trusted accomplice of selection within the digital asset house.”
“QCP Buying and selling goals to champion strong governance frameworks and our early recognition of the essential function of regulation has confirmed to be a strategic foresight,” Melvin Deng, Chief Government Officer of QCP Buying and selling added. “We reaffirm our dedication to fostering sturdy partnerships in Singapore and sit up for working carefully with the MAS to realize the MPI license.”
With Singapore on the core of its technique, QCP Buying and selling goals to develop the native workforce, prioritizing the recruitment of outstanding expertise to facilitate its ongoing development and guarantee adherence to native rules. QCP Buying and selling is devoted to delivering institutional-grade options in digital belongings spot buying and selling, positioning itself as a trusted accomplice in Asia and past.
About QCP Buying and selling
QCP Buying and selling is the devoted OTC spot buying and selling arm of QCP Group, offering institutional shoppers with safe, compliant, and environment friendly spot buying and selling options. QCP Buying and selling gives a big selection of providers akin to on/off ramping, seamless API integration, and customized voice buying and selling channels, making certain a clean and tailor-made buying and selling expertise with fast settlement occasions.
QCP Buying and selling has obtained the IPA from MAS for an MPI License to supply digital cost token providers for OTC spot buying and selling in Singapore.
Extra info may be discovered at www.qcpgroup.com.
Media Contact
Elisha Thiara – elisha.thiara@qcp.capital
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SOURCE QCP
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