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    QONEQT in Crypto News

    13-Oct-2022 08:20 AM


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    Blockchain.com gets regulatory nod from Singapore’s central bank

    Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state.

    Blockchain.com’s regulatory approval follows hot on the heels of Coinbase, which revealed it had received the same “in-principle” approval from the Monetary Authority of Singapore (MAS) on Oct. 11.

    If officially approved, Blockchain.com would join the likes of already licensed companies forDigital Payment Token services including crypto exchanges DBS Vickers and Independent Reserve, digital payment solution provider FOMO Pay, and crypto-friendly payments app Revolut, among others.

    It is not the first company to make a positive reference to the straightforward regulatory environment in Singapore for crypto companies.

    CEO Adrian Przelozny also made a positive reference to the transparency of Singapore's regulatory environment, noting at the time: “A well-regulated environment will benefit both investors and crypto industry stakeholders.
    Source: Cointelegraph
    #Blockchain