
Key takeaways
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MAS has expanded Ripple’s MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company’s operations in Singapore.
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Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the restrictions were removed in the 2025 expansion.
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The upgraded license now permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions,…

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