Crypto trade Blockchain.com has been granted a funds license from Singapore’s central financial institution — the Financial Authority of Singapore (MAS).
Blockchain.com announced on Aug. 7 it acquired its main fee establishment (MPI) from MAS on Aug. 1 permitting it to offer what the regulator calls digital payment token companies to institutional and accredited traders.
The trade’s full license comes after it received in-principal approval from the financial institution in September final yr.
With its license accredited, Blockchain.com is the twelfth digital fee token service supplier within the nation and joins different suppliers together with Circle, Unbiased Reserve, Paxos, Revolut and DBS Vickers.
Deposit threat: What do crypto exchanges really do with your money?
It is a creating story, and additional info will probably be added because it turns into accessible.