Shantel
Key Takeaways:
- Blockchain.com, a global crypto frontrunner, is now a Major Payment Institution licensed by the Monetary Authority of Singapore.
- This accolade follows the in-principle nod Blockchain.com received in 2022.
- The license paves the way for regulated digital payment token services for global institutional and accredited investors.
- Singapore stands as a monumental trading hub and Southeast Asia headquarters for Blockchain.com.
- Recently, the company unveiled Blockchain.com Pay, transforming how businesses interact with crypto.
A Milestone Moment for Blockchain.com in Singapore
The crypto world buzzes with excitement as Blockchain.com, one of the earliest and most revered platforms in the domain, receives a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This distinction, granted on 1st August 2023, comes after the in-principle approval bestowed upon the company in September the previous year.
Such a license empowers Blockchain.com to offer regulated digital payment token (DPT) solutions, catering to a diverse clientele comprising global institutional and accredited investors.
Peter Smith, Blockchain.com’s CEO and Co-Founder, shared his elation: “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.”
Singapore: A Crypto Nexus and Strategic Hub
For Blockchain.com, Singapore is not merely a market; it embodies a pivotal, lucrative trading epicenter. The city-state caters to global institutional and accredited investor clients, enabling them to engage in OTC Spot and Agency Execution trades. But the ties run deeper. Singapore also holds the honor of being Blockchain.com’s Southeast Asia headquarters, emphasizing the strategic importance of the region in the company’s global operations.
In a testament to the company’s expanding influence and leadership, Peter Smith is slated to be the keynote speaker at the Token2049 Conference in Singapore come September 13.
Recent Innovations: Blockchain.com Pay
Blockchain.com isn’t just about gaining licenses and expanding territorially; it’s about constant innovation. A testament to this commitment was seen last month when the group introduced Blockchain.com Pay. This avant-garde white-label crypto gateway is tailor-made to empower businesses, simplifying the intricacies of cryptocurrency buying and selling for end-users.
Blockchain.com: A Legacy of Trust and Pioneering
Since sprouting in the crypto scene in 2011, Blockchain.com has been synonymous with trust and innovation. With over 90 million wallets and 40 million verified users under its wing, the platform has overseen crypto transactions surpassing a staggering $1 trillion. Their commitment to regulatory compliance is unwavering, as evidenced by their numerous licenses and registrations across various global regions.
About Blockchain.com: Bridging Today and Tomorrow’s Finance
Blockchain.com stands as a beacon, connecting a global audience to the tantalizing prospects of future finance. As one of the fastest-growing, trustworthy crypto giants, it aids millions in securely navigating the cryptocurrency universe. Keen to learn more? Head to Blockchain.com, or delve into their social channels on Twitter (@blockchain) and Instagram (@blockchainofficial). For those with a penchant for audio, the Blockchain.com Podcast promises enlightening insights. Their blog is also a treasure trove of the latest company developments.
In an ever-evolving crypto landscape, Blockchain.com’s recent accolade from the Monetary Authority of Singapore stands as a testament to its relentless pursuit of excellence, regulatory compliance, and innovation. The crypto realm watches with bated breath as Blockchain.com continues to shape the industry’s future.
