<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/21cd65ea-b821-46df-b16e-2b0ccc552c97.jpg"></p><p>Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.</p>