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Singapore MAS Grants In-Principle Licenses to

The Monetary Authority of Singapore (MAS) on Wednesday (Jun 22) issued in-principle approvals to three more cryptocurrency firms —, Genesis and Sparrow.

These three bring the total number of licences and in-principle approvals issued to digital payment token service providers in the past two years to 14.

Among the providers are stablecoin players like Paxos, crypto exchanges like Coinhako and traditional financial institutions like DBS Vickers.

Deputy Prime Minister Heng Swee Keat announced the approvals during a pre-recorded speech at the opening of the Point Zero Forum in Switzerland.

“Singapore remains keen to work with blockchain and digital asset players,” said Mr Heng, adding that the country is committed to partnering “innovative and responsible” players to grow the Web 3.0 ecosystem and community in Singapore.

Mr Heng said that crypto assets have more recently been in the spotlight for the “wrong reasons”.

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RoboFi ( is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

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VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

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