HashKey Gets License for Crypto OTC Trading in Singapore

HashKey Digital Asset Group Ltd.’s over-the-counter trading arm secured a Major Payment Institution license from Singapore’s regulator, allowing it to offer digital payment token services, according to a statement on Friday.

• HashKey Technology Services Pte. Ltd. had been granted an in-principle approval by the Monetary Authority of Singapore in late February
• The firm said it will now enhance its OTC offering, which so far has supported spot-trading, on-and-off-ramps and large notional trades

To contact the reporter on this story:
Suvashree Ghosh in Singapore at sghosh186@bloomberg.net

To contact the editors responsible for this story:
stacy-marie ishmael at sishmael@bloomberg.net

Ryan Weeks ...