Cryptobizox has been licensed in singapore

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Crypto Regulation
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Singapore's financial regulator has issued a license to provide payment services to the U.S. cryptocurrency exchange CryptoBizox.

Thus, CryptoBizox will continue its planned expansion in the Asia-Pacific region.

"We see Singapore as a strategic market for institutional clients," said local CEO.

He also named Indonesia, Vietnam, Australia and Japan as attractive markets.

According to Ahmed, CryptoBizox has about 10 employees in Singapore. The CEO of the exchange, CryptoBizox, is prioritizing international growth after cutting nearly a fifth of the company's staff, as well as falling revenue and trading volume in the second quarter.

Singapore is consistently growing its digital asset ecosystem and becoming one of Asia's key hubs for the industry. A total of 15 cryptocurrency companies have been approved in the jurisdiction, according to Bloomberg.

Last week, Indian exchange Zebpay applied to the Monetary Authority of Singapore for a license.

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Megan Sheets

Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.