Blockchain.com scores payment license from Singapore central bank
Crypto 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.
Deposit risk: What do crypto exchanges really do with your money?
This is a developing story, and further information will be added as it becomes available.
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