Blockchain.com scores payment license from Singapore central bank

Crypto alternate Blockchain.com has been granted a funds license from Singapore’s central financial institution — the Financial Authority of Singapore (MAS).

Blockchain.com introduced on Aug. 7 it acquired its main fee establishment (MPI) from MAS on Aug. 1 permitting it to supply what the regulator calls digital fee token companies to institutional and accredited buyers.

The alternate’s full license comes after it acquired in-principal approval from the financial institution in September final 12 months.

With its license permitted, 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.

It is a creating story, and additional info will likely be added because it turns into accessible.