News Explorer — Blockchain.com, Crypto.com Land Operating Licenses in Singapore

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Aug 8, 8:28 am

Blockworks

Blockchain.com, Crypto.com Land Operating Licenses in Singapore

Singapore's central bank has granted major payment institution licenses to crypto exchanges Blockchain.com and Crypto.com, marking the completion of the regulatory process. These licenses allow the exchanges to offer unrestricted payment services, including digital payment token services and cross-border transfers. Singapore is positioning itself as a key player in the crypto industry, with funding commitments and additional regulatory rules to protect customers.

Singapore's central bank has granted major payment institution licenses to crypto exchanges Blockchain.com and Crypto.com, marking the completion of the regulatory process. These licenses allow the exchanges to offer unrestricted payment services, including digital payment token services and cross-border transfers. Singapore is positioning itself as a key player in the crypto industry, with funding commitments and additional regulatory rules to protect customers.

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