Cryptocurrency exchange XREX has received initial payment license approval from the Monetary Authority of Singapore

Odaily News Cryptocurrency exchange XREX said that the Monetary Authority of Singapore has initially approved the company’s payment license application, which will allow the company to provide digital payment token-related products and services in Singapore. Once the license is fully approved, XREX will be able to further promote its payment tool BitCheck locally that supports fiat currencies, stablecoins and other cryptocurrencies. (The Block)