Crypto brokerage Blockchain.com received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), according to a press release on Monday. The license allows it to provide regulated digital payment token (DPT) services to its global institutional and accredited investor customers.
The company had received an in-principle approval from MAS last year.
“Singapore represents a large, profitable trading hub for Blockchain.com,” the company said in its press release. The country currently serves as Blockchain.com’s Southeast Asia headquarters.
Edited by Nelson Wang.