Following Coinbase’s approval of Singapore license, yet another exchange got the regulatory nod on Thursday. With the new license, Blockchain.com would be able to offer payment services in the country. The move comes amid a favorable environment for crypto community in the South Asian country. Already, several crypto companies originally based in neighboring countries shifted base to Singapore.
Blockchain.com Gets Singapore Crypto License
The latest move adds to Singapore’s growing case of becoming a top hub for crypto community. According to a Reuters report, Blockchain.com is now the 18th such company to receive a crypto license in the country. As many as 180 companies have already applied for crypto payments license from Singapore’s regulators.