According to Wu, Singapore's digital payment company dtcpay announced that its Luxembourg subsidiary has received the "green light" for an EMI (Electronic Money Institution) license issued by the local financial regulator CSSF. This license will allow dtcpay to provide services such as issuance of electronic money and cross-border payments within the European Economic Area. dtcpay previously held a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS).

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