The Importance of Decentralized Derivatives
BingX Partners with CoinTracking to Simplify Tax Reporting

Circle Receives Large Payment Institution License from Monetary Authority of Singapore

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

Circle’s subsidiary, Circle Singapore, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), according to the company’s official blog. This license enables Circle Singapore to offer digital payment token services, cross-border remittance services, and domestic remittance services through its various products and services. It includes access to USDC Circle accounts for institutional customers. The MPI license solidifies Circle Singapore’s position as a provider of digital payment solutions and expands its offerings in the Singaporean market.

BingX’s Bitcoin Chart

Source: TradingView & BingX May 24

BTC experienced a rebound on the 4-hour chart, reaching the previous day’s high before retracing back to the support level around $26,600. On the daily chart, a bullish engulfing pattern emerged after finding stability around $25,200, followed by a V-shaped rebound. The upper resistance level is seen at $27,500, which aligns with the channel’s upper boundary. Currently, BTC is consolidating within the range of $26,500 to $27,500, indicating a temporary focus on this price range for further oscillation.


Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.