Peter Smith News

The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution License (MPI) to the popular cryptocurrency exchange Blockchain.com. With this license, the platform will be able to provide digital payment token services to institutional and accredited investors. On August 7, 2023, it was disclosed that the application had been approved, and on August 1, 2023, the license was issued.

Crypto exchange Blockchain.com announced Monday that it received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1.

Despite a «wild year» of scandal and failure in 2022 when the FTX exchange and a number of crypto dealers collapsed, Peter Smith, chief executive of London-based Blockchain.com, told the Qatar Economic Forum that there is now «real growth» in the crypto community. Smith, who said nearly a decade as head of Blockchain.com had left him with «no nerve endings», told how other countries were taking advantage of the void left by the US where some regulators were «openly negative about crypto». While some US legislators want to see rules for a cryptocurrency market, regulators there have taken a tough line because of fears of money laundering and scams such as the FTX collapse. Former FTX chief Sam Bankman-Fried is due to go on trial in New York in October.

Blockchain.com's founder and CEO, Peter Smith, believes on-chain analytics will play a significant role in locating the missing FTX funds, though it will have its limitations.

Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%. 

Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, available to only U.S. residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted.

Cryptocurrency exchange Blockchain.com has recently beengranted preliminary approval from Singapore to provide crypto services in the Southeast Asian city-state. The exchange plans to grow its Singapore office and expand its client base as this process goes underway.

Blockchain.com, London-based crypto exchange, has been granted a provisional regulatory approval by  the Virtual Assets Regulatory Authority (VARA), Dubai. With granted provisions, institutional and retail clients can use the crypt platform in the United Arab Emirates (UAE).

Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%.

Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows

Cryptocurrency exchange Blockchain.com could lose $270 million from lending to hedge fund Three Arrows Capital (3AC), which filed for bankruptcy earlier this month, CoinDesk reported on Friday.

As Vladimir Putin pushes unrelentingly to overtake Ukraine, numerous segments of the wider society have stepped up to do what they can from their side to help the people of Ukraine, including crypto companies.

London-based marketplace Blockchain.com, which has created more than 40 million digital-asset wallets, is moving into the cryptocurrency trading space with plans to open a new exchange. With this new strategy, the company is hoping to grab it a bigger piece of the $248 billion cryptocurrency market, known for its scandalous record of hacks, thefts, fraud and mismanagement dating back to 2014, as outlined by Bloomberg. 

Blockchain.com Co-founder and CEO Peter Smith noted in a recent interview that the consumer-facing crypto-business has grown rapidly this year. Here, it’s worth noting that the U.K-based company had shared figures of $1.5 billion year-to-date (YTD) in revenue just last month.