---
title: "Blockchain.com Obtains Regulatory Approval in Singapore"
url: https://diffcoin.com/blockchain-com-obtains-regulatory-approval-in-singapore/
description: "The new license enables Blockchain.com to provide digital token payment services to institutional and accredited investors."
published: 2023-08-08
updated: 2023-08-08
author: "Mila"
site: "Diffcoin"
---

# Blockchain.com Obtains Regulatory Approval in Singapore

The leading cryptocurrency exchange Blockchain.com received a payment institution (MPI) license from the Monetary Authority of Singapore (MAS).

This marks the company’s second license in the city-state after the in-principle approval secured in September 2022.

![blockchain_com_singapore_license](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjAxIDcyMCIgd2lkdGg9IjEyMDEiIGhlaWdodD0iNzIwIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMyUyRjA4JTJGYmxvY2tjaGFpbl9jb21fc2luZ2Fwb3JlX2xpY2Vuc2UuanBnIiBkYXRhLXc9IjEyMDEiIGRhdGEtaD0iNzIwIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

- Blockchain.com announced that its recently-obtained authorization in Singapore follows the entity’s strategy to comply with regulators in every region where it conducts business.
- The team behind the exchange said the Asian city-state has emerged as a “profitable trading hub” focused on global institutional and accredited investor clients.

> “Over 90 percent of the group’s institutional and accredited investors business is in Singapore,” Rakesh Madamanchi – Blockchain.com’s head of institutional compliance and Singapore operations revealed.

- Another reason why the marketplace views Singapore as a key area is because it serves as its Southeast Asia headquarters. Commenting on the regulatory approval was also CEO Peter Smith:

> “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.”

- Multiple cryptocurrency exchanges and firms have recently focused on Singapore due to the city-state’s comprehensive regulations.
- Crypto.com, Circle, Paxos, and Ripple are some organizations that have secured authorization there over the past several months.

SPECIAL OFFER (Sponsored)  
  **Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month**  (terms).

**PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.**

[Source link](https://cryptopotato.com/blockchain-com-obtains-regulatory-approval-in-singapore/)