<p><span style="font-weight: 400;">The crypto exchange and service platform Blockchain.com gained Singapore’s approval on Wednesday to offer payment services.</span></p> <p><span style="font-weight: 400;">The license is an “in-principle” approval under the Provision of Digital Payment Token Services to the Public, allowing the firms to provide Singaporeans regulated financial services. Coinbase <a href="https://www.theblock.co/post/176064/crypto-exchange-coinbase-gets-license-in-singapore" target="_blank" rel="noopener">received the same license</a> earlier this week. </span></p> <p><span style="font-weight: 400;">The approval makes Blockchain.com the 18th crypto firm licensed to operate in Singapore, out of 180 companies that applied through the Monetary Authority Singapore central bank since 2020, according to a Reuters </span><a href="https://finance.yahoo.com/news/blockchain-com-gets-singapore-licence-100105382.html" target="_blank" rel="noopener"><span style="font-weight: 400;">report</span></a>.</p> <p><span style="font-weight: 400;">Fifty percent of the exchange’s business comes from institutions, and 84 million wallet holders account for the other half of retail business, according to the report.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>