Blockchain.com Receives MPI License from MAS

PRNewswireAugust 8, 20234 min

Blockchain.com, one of the world’s most trusted and earliest crypto platforms, announced that it has been granted a major payment institution (MPI) license from the Monetary Authority of¬†Singapore¬†(MAS) on 1st of¬†August 2023.

This announcement follows Blockchain.com receiving its in-principle approval from MAS in Sep 2022, this license allows Blockchain.com to provide regulated digital payment token (DPT) services to its global institutional and accredited investor customers.

“We are thrilled to receive this license that will allow Blockchain.com to bring our industry-leading products and services to¬†Singapore, we commend the Monetary Authority of¬†Singapore¬†on its transparent regulatory process that prioritizes¬†crypto¬†industry oversight while allowing innovation to thrive,” said Blockchain.com CEO and Co-Founder¬†Peter Smith.

Blockchain.com’s presence and registration in¬†Singapore¬†is part of its broader commitment to compliance and regulation in every jurisdiction where it conducts business.

  • Singapore¬†represents a large, profitable trading hub for Blockchain.com, serving global institutional and accredited investor clients trading in OTC Spot and Agency Execution.
  • Singapore¬†also serves as Blockchain.com’s¬†Southeast Asia¬†headquarters
  • Blockchain.com group CEO and Co-Founder¬†Peter Smith¬†will be a keynote speaker at Token2049 Conference in¬†Singapore¬†on¬†September 13.

Just last month blockchain.com group launched Blockchain.com Pay, a revolutionary white-label crypto on- and off-ramp designed to empower businesses and streamline the process of buying and selling cryptocurrencies for their users.

Since its inception in 2011, Blockchain.com has earned the trust of more than 90 million wallets and over 40 million verified users, facilitating over $1 trillion in crypto transactions. The company holds licenses and registrations in various regions, ensuring regulatory compliance in a range of markets globally.

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