YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Blockchain.com Gets Green Light to Operate in Singapore

October 13, 2022
in Blockchain
Reading Time: 2 mins read
A A
Blockchain.com Gets Green Light to Operate in Singapore
ShareShareShareShareShare

Crypto exchange Blockchain.com has secured regulatory approval from the nation’s central bank, according to Reuters.

You might also like

Holo Price Prediction as HOT Bulls Target 30% Jump After Holochain Beta Launch

Holo Price Prediction as HOT Bulls Target 30% Jump After Holochain Beta Launch

January 27, 2023
Fantom FTM Crypto Price Prediction 2023 – Best DApp Platform Returns?

Fantom FTM Crypto Price Prediction 2023 – Best DApp Platform Returns?

January 27, 2023

Blockchain.com has been eyeing the Singaporean market because it deems it an attractive location to enhance its institutional clients and team. 

The latest approval came a day after that of crypto exchange Coinbase, bringing the number of crypto companies permitted to operate in Singapore to eighteen. 

Approximately 180 crypto firms had applied for operating licenses in the nation as of January 2022. Per the report:

“Singapore’s welcoming approach has helped the financial hub attract digital asset services-related firms from China, India and elsewhere in the last few years, making it a major centre in Asia.”

Based on a $14 billion valuation in March, Blockchain.com has processed more than $1 trillion in transactions, having been in operation over the past decade, Blockchain.News reported. 

Half of the exchange’s business emanates from institutions, whereas retail players have 84 million wallets spread across 200 countries. 

Blockchain.com has been on an expansion drive, given that it got the green light to operate in Italy in August. The exchange welcomed this move because it saw it as a stepping stone toward offering services across Europe. 

In February, Italy’s Ministry of Economy and Finance (MEF) published a new decree that required cryptocurrency and digital wallet service providers who operated or intended to operate in the Italian territory to enrol for a special section of the register held by the financial regulator Organismo Agenti e Mediatori (OAM).

Image source: Shutterstock

Credit: Source link

Related Stories

Holo Price Prediction as HOT Bulls Target 30% Jump After Holochain Beta Launch
Blockchain

Holo Price Prediction as HOT Bulls Target 30% Jump After Holochain Beta Launch

January 27, 2023
Fantom FTM Crypto Price Prediction 2023 – Best DApp Platform Returns?
Blockchain

Fantom FTM Crypto Price Prediction 2023 – Best DApp Platform Returns?

January 27, 2023
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Blockchain

Binance, Galaxy Digital among secret stab for Celsius asset

January 27, 2023
US court sets deadline for Celsius bankruptcy claimants
Blockchain

Creditors owed money by FTX

January 27, 2023
Next Post
Crypto Sleuth ZachXBT’s Efforts Lead to Prosecution of Alleged Bored Ape NFT Scammers

Crypto Sleuth ZachXBT’s Efforts Lead to Prosecution of Alleged Bored Ape NFT Scammers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Indian Minister Says Crypto Transactions Are Fine as Long as They Follow Laws 

Indian Minister Says Crypto Transactions Are Fine as Long as They Follow Laws 

January 22, 2023
Top Crypto Trends That Will Grab Eyes In 2023

Top Crypto Trends That Will Grab Eyes In 2023

January 23, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 23,123.00 0.72%
    • ethereumEthereum (ETH) $ 1,602.28 0.61%
    • tetherTether (USDT) $ 1.00 0.25%
    • usd-coinUSD Coin (USDC) $ 1.00 0.14%
    • bnbBNB (BNB) $ 309.23 1.86%
    • xrpXRP (XRP) $ 0.413716 1.17%
    • binance-usdBinance USD (BUSD) $ 1.00 0.2%
    • cardanoCardano (ADA) $ 0.394850 4.29%
    • dogecoinDogecoin (DOGE) $ 0.088341 2.43%
    • matic-networkPolygon (MATIC) $ 1.15 5.11%
    • solanaSolana (SOL) $ 24.49 1.63%
    • okbOKB (OKB) $ 36.26 1.1%
    • staked-etherLido Staked Ether (STETH) $ 1,598.83 0.41%
    • polkadotPolkadot (DOT) $ 6.60 2.37%
    • shiba-inuShiba Inu (SHIB) $ 0.000012 2.04%
    • avalanche-2Avalanche (AVAX) $ 20.83 15.82%
    • litecoinLitecoin (LTC) $ 88.93 1.77%
    • tronTRON (TRX) $ 0.063703 3.1%
    • uniswapUniswap (UNI) $ 6.88 2.03%
    • daiDai (DAI) $ 1.00 0.25%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,049.00 0.49%
    • cosmosCosmos Hub (ATOM) $ 13.61 4.24%
    • the-open-networkToncoin (TON) $ 2.57 7.63%
    • chainlinkChainlink (LINK) $ 7.40 3.2%
    • leo-tokenLEO Token (LEO) $ 3.86 5.81%
    • moneroMonero (XMR) $ 180.06 5.22%
    • ethereum-classicEthereum Classic (ETC) $ 22.06 0.91%
    • aptosAptos (APT) $ 18.17 3.79%
    • bitcoin-cashBitcoin Cash (BCH) $ 135.10 0.47%
    • stellarStellar (XLM) $ 0.093030 1.44%
    • apecoinApeCoin (APE) $ 6.34 4.82%
    • quant-networkQuant (QNT) $ 153.45 3.38%
    • nearNEAR Protocol (NEAR) $ 2.57 3.53%
    • crypto-com-chainCronos (CRO) $ 0.082306 2.2%
    • filecoinFilecoin (FIL) $ 5.42 0.76%
    • lido-daoLido DAO (LDO) $ 2.40 4.23%
    • algorandAlgorand (ALGO) $ 0.259064 5.59%
    • vechainVeChain (VET) $ 0.024928 4.57%
    • hedera-hashgraphHedera (HBAR) $ 0.069543 4.16%
    • internet-computerInternet Computer (ICP) $ 6.06 4.77%
    • axie-infinityAxie Infinity (AXS) $ 11.56 2.19%
    • decentralandDecentraland (MANA) $ 0.687726 2.72%
    • aaveAave (AAVE) $ 87.31 0.82%
    • eosEOS (EOS) $ 1.12 2.04%
    • the-sandboxThe Sandbox (SAND) $ 0.749574 2.52%
    • fantomFantom (FTM) $ 0.465988 2.08%
    • flowFlow (FLOW) $ 1.09 0.93%
    • elrond-erd-2MultiversX (EGLD) $ 45.13 3.79%
    • theta-tokenTheta Network (THETA) $ 1.12 5.28%
    • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 1.49%