Odaily News Upbit Singapore announced that it has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its digital asset business while complying with Singapores high regulatory standards. Currently, Upbit APAC operates compliant digital asset trading platforms in Singapore, Indonesia and Thailand. (PR Newswire) In October last year, Upbit Singapore announced that it had received in-principle approval for a Singapore Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to continue to provide institutional investors while waiting for full license. Digital payment token service.