The Monetary Authority of Singapore (MAS) has reportedly approved the Singapore-based arm of the U.S. cryptocurrency exchange to offer crypto-related services in the country. Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’ regional director for Southeast Asia, said it would seek to collaborate with the local platforms and offer Digital Payment Token services. Ahmed added that Coinbase is working with the local industry to facilitate communication with the authority and promote a pragmatic regulatory regime for digital assets. The CEO also revealed the exchanges’ plan to provide services throughout Southeast Asia.