Blockchain Secures Singapore Payment License

By Author: Ben Gross
Total Articles: 459
Comment this article

Blockchain.com, a globally recognized and early pioneer in the crypto industry, has announced a significant achievement by obtaining a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1, 2023.

This milestone follows Blockchain.com's earlier in-principle approval from MAS in September 2022. The granted license now enables Blockchain.com to provide regulated digital payment token (DPT) services to its institutional and accredited investor clientele worldwide.
Blockchain.com's CEO and Co-Founder, Peter Smith, expressed enthusiasm for the license, highlighting the company's dedication to offering its cutting-edge products and services within Singapore's regulatory framework. He praised the Monetary Authority of Singapore's transparent approach to crypto industry oversight and innovation.

The Singaporean market holds strategic significance for Blockchain.com, serving as a pivotal trading hub for global institutional and accredited investors involved in OTC Spot and Agency Execution trading. Additionally, Singapore acts as Blockchain.com's Southeast Asia headquarters.

Peter ...
... Smith will also be a keynote speaker at the Token2049 Conference in Singapore on September 13. This event showcases Blockchain.com's commitment to thought leadership within the crypto space.

Notably, Blockchain.com recently introduced Blockchain.com Pay, a revolutionary white-label crypto on- and off-ramp solution. Designed to empower businesses, this platform streamlines cryptocurrency transactions for users.

With over 90 million wallets and 40 million verified users, Blockchain.com has facilitated more than $1 trillion in crypto transactions since its establishment in 2011. The company maintains licenses and registrations across various regions to ensure regulatory compliance across global markets.

Blockchain.com continues to shape the future of finance by providing secure access to cryptocurrencies for millions worldwide. For further information, visit Blockchain.com, follow their social media channels, and stay updated with their blog for the latest company developments.

More Information : https://www.techdogs.com/tech-news/pr-newswire/blockchaincom-receives-major-payment-institution-license-from-monetary-authority-of-singapore