An announcement from BHEX.SG indicated that they had acquired the standard payment institutional license. They received this license from the Monetary Authority of Singapore, also known as MAS. BHEX.SG is a trading platform for digital assets. They revealed that acquiring this license required them to undergo examinations as well as investigations. These were all conducted by MAS, who is a financial regulator.
A standard payment institution license is issued to organizations in order to ensure that payment services are provided within a certain threshold. This threshold will be indicated by the PS Act, also known as the Payment Services Act.
BHEX.SG Receives License
Now that BHEX.SG has their license, they can play the role of a DPT service, or a digital payment token service. They can provide their services to the people of Singapore, as well as other Asian countries.
BHEX.SG is operated by the company Bhop Consulting Pte Ltd. It has committed to providing crypto services that are world-class, to users. The firm focuses on making use of advanced technology in order to create a better future.
It was established by the current CEO, Tyler Wu. BHEX.SG is known to provide customers with services that are innovative as well as of high quality. Their services are also affordable.
It should also be noted that BHEX.SG is known for preferring to trade in an environment that is regulated. This was reaffirmed by Tyler Wu when he said that he believed compliance was needed within the crypto space, in order to guarantee the safety of the trader.