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dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.

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How to Buy Cryptocurrency in Singapore (2025)

Fintech News

Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major payment institutions with digital payment token service licences. Each exchange varies in terms of fees, user interface, and features, so selecting the right one depends on your specific needs.

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Turn Away From Crypto: dtcpay to Exclusively Offer Stablecoins and Fiat Currency Solutions in 2025

The Fintech Times

dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.

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Alchemy Pay Gears up to Launch Web 3.0 Digital Bank for Businesses

Fintech News

Recently, Alchemy Pay invested in LaPay UK Ltd, securing an Authorised Payment Institution license regulated by the FCA. The company also partnered with Victory Securities in Hong Kong to provide virtual asset trading and advisory services, particularly for the new Bitcoin and Ether spot ETFs.

Web 3.0 109
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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued. It claims 50 million customers.

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BitGo Gains Ground in Singapore with In-Principle Approval for Digital Asset Services

Fintech News

Crypto custodian BitGo announced that its Singapore subsidiary has been granted in-principle approval by the Monetary Authority of Singapore (MAS) for a Major Payment Institution License for digital payment token services. In 2022, BitGo expanded its services to include institutional-grade DeFi, NFT, and Web 3.0.

Web 3.0 84
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Bitcoin Daily: Swiss Firm Is First To Get Approved For Blockchain-Based IPO; BCB Group Crypto Firm Granted License In UK

PYMNTS

Also, digital financial services company BCB Group said that BCB Payments Limited has secured an Authorized Payment Institution (API) license from the UK Financial Conduct Authority. Akon said the city will be a “real life Wakanda.”.