MetaComp has been granted licence by the Monetary Authority of Singapore (MAS) to provide digital payment token services as a major payment institution.
Even in a year of upheavals, the meltdown at FTX could be the most damaging to trust in the US$900 billion crypto industry.
Singapore is testing out a digital Singapore dollar that would let government agencies, businesses and consumers transact a lot more easily.
Coinbase gets a license to provide regulated cryptocurrency services in Singapore. It's also letting Google Cloud customers pay with crypto.