Independent Reserve SG is proud to be the newest member of the VerifyVASP Alliance. As one of the first crypto exchanges to hold a Major Payment Institution License issued by the Monetary Authority of Singapore (MAS), joining the alliance is in line with the strict policies and processes that have been put in place.
Highlights from the IRCI in 2021; 28.8% of Australians now own or have owned crypto (up from 18.4% in 2020). The proportion of women who own crypto has doubled from 10.1% in 2020 to 20%. 89% of Aussie crypto owners have made money or broken even, up from 78% in 2020.
[SINGAPORE, 1 October 2021] Cryptocurrency exchange Independent Reserve has today received approval for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore (“MAS”) under the Payment Services Act (“PSA”) to operate as a regulated provider for Digital Payment Token (“DPT”) Services. It is one of the first virtual asset service providers (VASPs) to obtain full licensure approval under the PSA in Singapore.