Blockchain.com Obtains License for Digital Payment Token Services in Singapore

Crypto company Blockchain.com was granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) earlier this month.

With this new license, Blockchain.com will be able to provide regulated digital payment token (DPT) services to its global institutional and accredited investor customers.

This announcement follows its in-principle approval that the company secured from the regulator in September 2022.

"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 prioritises crypto industry oversight while allowing innovation to thrive," said Peter Smith, CEO and Co-Founder of Blockchain.com.