@Sakura please summarize this article, thanks uwu.
TLDR
QCP Trading, a subsidiary of QCP Group, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), a key milestone in its journey to provide regulated spot trading services for digital payment tokens.
Key Points 
- QCP Trading received an in-principle approval (IPA) for an MPI license from MAS
- This allows QCP Trading to prepare to offer regulated spot trading services for digital payment tokens in Singapore
- The IPA reinforces QCP Trading’s commitment to Singapore’s high regulatory standards and positions it as a trusted partner in the digital asset space
In-depth Summary
QCP Trading, the dedicated OTC spot trading arm of QCP Group, has received an in-principle approval (IPA) for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This represents a crucial step towards full licensing, enabling QCP Trading to offer regulated spot trading services for digital payment tokens in Singapore.
The IPA reinforces QCP Trading’s dedication to adhering to Singapore’s robust regulatory framework, which is seen as a key factor for sustainable growth in the digital asset industry. With this milestone, QCP Trading aims to provide spot trading for a wide range of stablecoins and major digital tokens, supported by its comprehensive on/off ramping services in multiple currencies.
Leveraging features like 24/7 support, seamless API integration, dedicated voice trading capabilities, and same-day settlement, QCP Trading aspires to build a leading spot franchise and position itself as one of the most price-competitive players in the digital asset space. The company is committed to fostering strong partnerships in Singapore and working closely with MAS to achieve the full MPI license.
ELI5
QCP Trading, a company that helps people buy and sell digital currencies, has received an important approval from the Monetary Authority of Singapore. This means they can now offer more services and products related to digital currencies in Singapore, as long as they follow the rules and regulations. The company is excited about this and wants to be a trusted partner in the digital currency world.
Writer’s Main Point
The key point of this article is to highlight QCP Trading’s achievement in receiving in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone reinforces the company’s commitment to regulatory excellence and positions it as a trusted partner in the digital asset space in Singapore.