Blockchain.com has secured an in-principle approval for the Main Cost Establishment License providing Digital Cost Token providers from the Financial Authority of Singapore (MAS). With this preliminary approval, Blockchain.com Singapore continues to service institutional and excessive internet value buyers, challenge groups and operators within the crypto ecosystem.

Blockchain.com views Singapore as a horny city-state to put money into the expansion of its institutional clients and its group, as essentially the most superior economic system in Southeast Asia. At Blockchain.com, we’re advocates of considerate regulation and stay dedicated to acquiring registrations and licenses in all jurisdictions the place we do enterprise.

“Blockchain.com commends the Financial Authority of Singapore on its clear regulatory course of that prioritizes crypto trade oversight whereas permitting innovation to thrive,” mentioned Blockchain.com CEO and Co-Founder Peter Smith.

Alongside this approval, Blockchain.com will proceed to develop its Singapore workplace and develop its institutional shopper roster.