Two major cryptocurrency market giants, Coinbase and Blockchain.com, have successively received approval from the Central Bank of Singapore to offer payment services in Singapore. This brings the number of cryptocurrency companies licensed to operate in Singapore to 18. As of January this year, about 180 companies had applied to Singapore for cryptocurrency payment licenses. In the past few years, Singapore has attracted a large number of cryptocurrency companies from China, India and other places, becoming a major financial center in the Asian region .
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