Blockchain.com scores payment license from Singapore central bank

Jesse Coghlan14 minutes agoBlockchain.com scores payment license from Singapore central bankThe crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.45 Total views4 Total sharesListen to article 0:00NewsJoin us on social networksCrypto exchange Blockchain.com has been granted a payments license from Singapore"s central bank — the Monetary Authority of Singapore (MAS).

Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) from MAS on Aug. 1 allowing it to provide what the regulator calls digital payment token services to institutional and accredited investors.

The exchange"s full license comes after it received in-principal approval from the bank in September last year.

Related: Singapore High Court rules crypto personal property, compares it to fiat money

With its license approved, Blockchain.com is the twelfth digital payment token service provider in the country and joins other providers including Circle, Independent Reserve, Paxos, Revolut and DBS Vickers.

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