Ripple Markets APAC gets Major Payments Institution license

68
Ripple Markets APAC gets Major Payments Institution license

Ripple Markets APAC Pte Ltd., the Singapore subsidiary of the technology firm Ripple Labs, announced on Wednesday that it has received a Major Payments Institution license from the Monetary Authority of Singapore.

Over 90% of Ripple's business is outside of the U.S., and Asia Pacific is one of its fastest-growing regions.

The U.S. SEC is preparing to appeal a court's decision to overturn a U.S. Supreme Court decision.