---
title: "Blockchain.com scores payment license from Singapore central bank"
url: https://diffcoin.com/blockchain-com-scores-payment-license-from-singapore-central-bank/
description: "Crypto exchange Blockchain.com has been granted a payments license from Singapore's central bank — the Monetary Authority of Singapore…"
published: 2023-08-08
updated: 2023-08-08
author: "Mila"
site: "Diffcoin"
---

# Blockchain.com scores payment license from Singapore central bank

Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank — the Monetary Authority of Singapore (MAS).

Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) from MAS on Aug. 1 allowing it to provide what the regulator calls digital payment token services to institutional and accredited investors.

The exchange’s full license comes after it received in-principal approval from the bank in September last year.

***Related: Singapore High Court rules crypto personal property, compares it to fiat money***

With its license approved, Blockchain.com is the twelfth digital payment token service provider in the country and joins other providers including Circle, Independent Reserve, Paxos, Revolut and DBS Vickers.

***Deposit risk: What do crypto exchanges really do with your money?***

This is a developing story, and further information will be added as it becomes available.

[Source link](https://cointelegraph.com/news/blockchain-com-payment-license-singapore-mas)