MAS’
license
has
been
one
of
the
gold
standards
for
crypto
licenses
in
Asia,
with
many
major
crypto
firms
vying
for
it,
such
as
BitGo
and
Ripple.
Alessio
Quaglini,
the
CEO
and
co-founder
of
Hex
Trust
told
CoinDesk
in
an
interview
that
the
space
for
unlicensed
crypto
entities
operating
in
a
gray
area
is
shrinking,
and
licensure
is
an
eventuality
for
any
serious
player
in
the
industry.
“Companies,
at
a
certain
point,
very
soon,
will
really
need
to
make
a
choice.
Do
I
want
to
be
on
the
white
part
of
the
spectrum,
in
the
right,
obtain
all
the
licenses,
and
operate
a
completely
regulated
business?
Or
do
I
want
to
be
on
the
other
side
of
the
spectrum,
outside
of
regulation?”
he
said
during
an
interview
with
CoinDesk.