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Crypto Brokerage Blockchain.com Receives Institution License From Singapore
The company had received an in-principle approval from the Monetary Authority of Singapore last year.
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.
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"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.
Singapore has awarded several licenses to crypto companies lately. Both crypto exchange Crypto.com and stablecoin issuer Circle received digital token licenses from MAS in June.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
