The Monetary Authority of Singapore (MAS) granted Blockchain.com a major payment institution (MPI) license. This allows Blockchain.com to provide digital payment token (DPT) services to institutional and accredited investors in Singapore.

Here are some opinions from others about Blockchain.com’s MPI license:

• Charles Hayter, CEO of CryptoCompare: “This is a significant milestone for Blockchain.com and a vote of confidence in the company’s compliance and risk management practices. It also highlights Singapore’s growing importance as a global hub for cryptocurrency innovation.”
• Ling Zhang, Partner at Morgan Creek Digital: “The approval of Blockchain.com by the MAS is a major step forward for the cryptocurrency industry in Singapore. It shows that regulators are becoming more comfortable with cryptocurrencies and that they are willing to work with companies in the industry to ensure that they operate in a safe and compliant manner.”
• Kyle Samani, Managing Partner at Multicoin Capital: “The MPI license is a major validation for Blockchain.com and it shows that the company is committed to operating in a safe and compliant manner. This is good news for the future of cryptocurrency adoption and innovation.”

Overall, the MPI license is a positive development for Blockchain.com and for the cryptocurrency industry. It shows that regulators are becoming more comfortable with cryptocurrencies and that they are willing to work with companies in the industry to ensure that they operate in a safe and compliant manner. This is good news for the future of cryptocurrency adoption and innovation.

Here are some additional thoughts from others:

• Some people believe that the MPI license is a sign that Singapore is becoming a more attractive destination for cryptocurrency companies. This is because the MAS has a progressive regulatory framework for cryptocurrencies and it is seen as a safe and compliant jurisdiction.
• Others believe that the MPI license is a sign that the cryptocurrency industry is maturing. This is because it shows that companies like Blockchain.com are willing to comply with regulations and that they are serious about operating in a safe and compliant manner.
• Still others believe that the MPI license is a sign that cryptocurrency adoption is growing. This is because it shows that there is demand for cryptocurrency services in Singapore and that companies like Blockchain.com are willing to meet that demand.

It is too early to say what the long-term impact of the MPI license will be. However, it is clear that it is a positive development for Blockchain.com and for the cryptocurrency industry as a whole.