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 obtained its main fee establishment (MPI) from MAS on Aug. 1 permitting it to supply what the regulator calls digital fee token providers to institutional and accredited traders.
The trade’s full license comes after it obtained in-principal approval from the financial institution in September final 12 months.
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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.
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It is a growing story, and additional data might be added because it turns into obtainable.