COTI Lists As a Payment Institution in Singapore

  • Operate an exchange
  • Handle Fiat to Crypto and Crypto to Fiat transactions
  • Issue Accounts
  • Facilitate Cross-border money transfer
  • Acquire merchants
  • And more

In order to apply, one must meet the following criterias:

  • The applicant must be a Singapore-incorporated company or a foreign corporation registered in Singapore.
  • The applicant must have a permanent place of business or registered office.
  • The applicant must have a minimum base capital of S$100,000.
  • The applicant’s board of directors should have either:
  • Fitness and propriety of the controllers and directors.
  • Governance structure.
  • Qualifications and experience, particularly in operating a payment services business and compliance with regulatory requirements.
  • Financial condition and track record.
  • Business plan and model, including operational readiness.
  • Ability to comply with obligations under the PS Act, including compliance, technology risk management and audit arrangements.
  • Regulatory status in other jurisdictions, where applicable.
  • For applicants with a holding company, commitment to operations in Singapore.
  • Whether the public interest will be served by granting a license.

Stay COTI!

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COTI

COTI

COTI is a DAG-based Layer 1, specifically designed for Enterprises. COTI’s Protocol is scalable, fast, private, inclusive, low cost and is optimized for finance