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Blockchain.com has received a license from Singapore’s regulatory body, the Monetary Authority of Singapore (MAS). 
The <a href="https://www.prnewswire.com/news-releases/blockchaincom-receives-major-payment-institution-license-from-monetary-authority-of-singapore-301895088.html" target="_blank" rel="noopener noreferrer nofollow">announcement</a> follows the previous approval that the company received in September of last year from the MAS. 
The new license will allow the exchange to offer regulated digital payment token services to its global institutional and accredited investor customers. 
The financial regulatory entity in Singapore, known as the <a href="https://crypto.news/singapores-mas-grants-license-to-crypto-com/" rel="noopener noreferrer nofollow">MAS</a>, has been warning consumers and businesses about the risks of cryptocurrencies since 2013. 
In 2017, the financial authority clarified that ICOs must follow the existing laws for securities. 
In October 2022, the financial entity issued two consultation papers to lower the risk for consumers while interacting with cryptocurrencies. 
 You might also like: <a href="https://crypto.news/ripple-secures-in-principle-payments-license-in-singapore/" rel="noopener noreferrer nofollow"> Ripple secures in-principle payments license in Singapore </a> 
<h2 class="wp-block-heading" id="singapore-as-a-crypto-friendly-region">Singapore as a crypto-friendly region</h2> 
During the last few months, the MAS has granted licenses to major crypto players like Crypto.com, Ripple, and Circle, among others. 
The financial regulator usually issues the approval license known as the license for Digital Payment Token (DPT), which allows crypto companies to provide services related to digital assets. 
Due to the number of licenses granted by the MAS, Singapore has been considered a crypto-friendly country. Also, the city is regarded as a good tax zone. Cryptocurrencies are not subject to capital gains or individual or corporate taxes in this jurisdiction. 
 Read more: <a href="https://crypto.news/singapores-mas-grants-license-to-crypto-com/" rel="noopener noreferrer nofollow"> Singapore’s MAS grants license to Crypto.com </a>

Singapore grants payment institution license to Blockchain.com

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