Blockchain.com Secures Singapore Payment License
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.
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