The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution License (MPI) to the popular cryptocurrency exchange Blockchain.com. With this license, the platform will be able to provide digital payment token services to institutional and accredited investors. On August 7, 2023, it was disclosed that the application had been approved, and on August 1, 2023, the license was issued.
The license comes after Blockchain.com received in-principle approval from MAS in September of the previous year. As of now, there are 3,427 companies that have been granted licenses, with distribution across five key sectors: Banking (205), Capital Markets (1,782), Financial Advisory (579), Insurance (392), and Payments (469). Among the licensees, notable names in the fintech and blockchain industries can be found, including BitRock Capital, Circle, PayPal, BlackRock, Paxos, Revolut, Blockchain Founders Fund, and Alipay. These…
