Crypto Brokerage Blockchain.com Receives Major Payment Institution License in Singapore
Crypto brokerage Blockchain.com has announced that it has received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Blockchain.com to offer regulated digital payment token (DPT) services to its institutional and accredited investor customers worldwide. The company had previously received an in-principle approval from MAS last year. Singapore, being Blockchain.com’s Southeast Asia headquarters, is seen as a significant and profitable trading hub for the company.
Key Points:
- Blockchain.com has received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
- The license allows the company to provide regulated digital payment token (DPT) services to its global institutional and accredited investor customers.
- Singapore serves as Blockchain.com’s Southeast Asia headquarters.
- Crypto exchange Crypto.com and stablecoin issuer Circle have also received digital token licenses from MAS recently.
Hot Take:
This major payment institution license from the Monetary Authority of Singapore expands the reach and capabilities of Blockchain.com in offering regulated digital payment token services. With Singapore being a prominent trading hub, this license enables the company to tap into the region’s growing crypto market and cater to its institutional and accredited investor customers. It also highlights the increasing acceptance and recognition of cryptocurrencies by regulatory authorities.
By
By
By
