Cumberland SG, the Asia subsidiary of U.S.-based crypto trading firm Cumberland, has received in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore. This approval enhances Cumberland's digital asset services in Asia, confirming its role as a key player in the region's evolving regulatory landscape. Concurrently, BX Digital, a subsidiary of Boerse Stuttgart, has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform using blockchain technology. This marks a significant step in the integration of digital assets into traditional financial systems in Switzerland.