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Hex Trust, a crypto custodian, has received in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its regulatory compliance efforts. CEO Alessio Quaglini highlighted the importance of operating within a fully regulated framework. Concurrently, Mountain Protocol has achieved a full license from the Bermuda Monetary Authority, classified as Class F, which is the highest obtainable license for digital asset businesses in Bermuda. This achievement places Mountain Protocol among a select group of companies, including Coinbase and Circle, that have attained such regulatory clarity. The launch of the $USDM stablecoin on Injective further emphasizes the platform's commitment to compliance and innovation in the crypto space.
Mountain Protocol has received a full license from the Bermuda Monetary Authority, attaining regulatory clarity that only the likes of Coinbase and Circle have achieved to date. Mountain launched $USDM on Injective this week, enabling the first yield bearing stablecoin backed by… https://t.co/HHHBgoHoiw
Mountian Protocol has received a full license from the Bermuda Monetary Authority, attaining regulatory clarity that only the likes of Coinbase and Circle have achieved to date. Mountain launched $USDM on Injective this week, enabling the first yield bearing stablecoin backed by… https://t.co/HHHBgoHW84
🌊 Congratulations to @MountainUSDM on receiving their full license from the Bermuda Monetary Authority. For all $wUSDM holders on #MantaPacific, this means enhanced compliance and security. And with the backing of @BlackRock's BUIDL, $wUSDM just got even better! https://t.co/bJ0h5l5fo8