Blockchain.com has secured an in-principle approval for the Main Fee Establishment License from the Monetary Authority of Singapore (MAS) to start providing Digital Fee Token (DPT) providers.
With this preliminary approval, Blockchain.com stated that it’ll proceed to service institutional and excessive web price buyers, challenge groups and operators within the crypto ecosystem.
The corporate added that it stays dedicated to acquiring registrations and licenses in all jurisdictions the place it does enterprise.
Alongside this approval, Blockchain.com may also proceed to develop its Singapore workplace and increase its institutional shopper roster.
Simply days in the past, crypto trade platform Coinbase was additionally granted an in-principle approval from MAS.
Peter Smith
“Blockchain.com commends the Financial Authority of Singapore on its clear regulatory course of that prioritizes crypto business oversight whereas permitting innovation to thrive,”
stated Peter Smith, CEO and Co-founder of Blockchain.com.
