Ripple and Coinbase Secure Singapore Licenses for Crypto Expansion

Ripple has obtained a full payments institution license in Singapore, allowing the cryptocurrency company to expand its presence in the Asia-Pacific region. This comes after receiving initial approval in June. With the license, Ripple will continue to offer regulated crypto payment services in Singapore, prioritizing the region for adoption of its services. Singapore has been at the forefront of crypto regulation in the region, and Ripple's CEO praised the country's leadership in fostering innovation and responsible growth. This development contrasts with Ripple's ongoing legal battles with the SEC in the United States. Coinbase also recently obtained a payment institution license in Singapore.