Blockchain.com receives major payment institution license from the Monetary Authority of Singapore
Blockchain.com has secured a major payment institution license in Singapore, expanding its regulated digital payment token services globally.
After receiving in-principle approval from the Monetary Authority of Singapore (MAS) in September 2022, we are proud to announce, we have secured a major payment institution (MPI) license in Singapore allowing us to provide regulated digital payment token (DPT) services to our global institutional and accredited investor customers.
“We are thrilled to receive this license that will allow Blockchain.com to bring our industry-leading products and services to Singapore, we commend the Monetary Authority of Singapore on its transparent regulatory process that prioritizes crypto industry oversight while allowing innovation to thrive” said Blockchain.com CEO and Co-Founder Peter Smith.
Blockchain.com’s presence and registration in Singapore is part of our broader commitment to compliance and regulation in every jurisdiction where it conducts business. Singapore represents a large, profitable trading hub for Blockchain.com, serving global institutional and accredited investor clients trading in OTC Spot and Agency Execution and also serves as our Southeast Asia headquarters.
Peter Smith, Blockchain.com Group CEO and Co-Founder, will be a keynote speaker at Token2049 Conference in Singapore on September 13th.
This information is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from a professional advisor. The purchase of crypto entails risk. The value of crypto can fluctuate and capital involved in a crypto transaction is subject to market volatility and loss. Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain.com’s products and services are not subject to any governmental or government-backed deposit protection schemes. Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
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