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 announced on Aug. 7 it obtained its main cost establishment (MPI) from MAS on Aug. 1 permitting it to supply what the regulator calls digital payment token companies to institutional and accredited buyers.

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

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With its license authorised, Blockchain.com is the twelfth digital cost token service supplier within the nation and joins different suppliers together with Circle, Unbiased Reserve, Paxos, Revolut and DBS Vickers.

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It is a growing story, and additional data can be added because it turns into out there.