Hako Technology News Today

Singapore’s Coinhako cryptocurrency exchange said it’s planning to expand in Asia over the next year, even amid a slump in crypto prices.

Data from MAS’ Financial Institutions Directory show that, as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institution, and 175 Major Payment Institution licenses had been issued. Of these, only nine companies were permitted to provide DPT services. In addition, desk research suggest that at least four companies have so far received in-principle approval for either a Standard or Major Payment Institution license.