Singapore, being one of the most technology-advanced countries in the world, will now harbor a new crypto-exchange Upbit Singapore.
The product, to be launched by South Korean firm Dunamu, is to be fully operational by October.
The Monetary Authority of Singapore(MAS) has been very supportive towards cryptocurrency regulation, thus encouraging firms to enter the Singaporean crypto-market.
Upbit, which was first launched by Dunamu, has supported fiat pairings against the Korean won in the local cryptocurrency exchange market of South Korea since mid-2017.
This will be a significant step to bridge Korea and the global cryptocurrency exchange market.
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