OKX Secures Major Payment Institution License in Singapore
Cryptocurrency exchange OKX has been granted a Major Payment Institution (MPI) license by Singapore’s central bank.
This new license enables OKX Singapore to provide services related to digital payment tokens and cross-border money transfers, including cryptocurrency trading.
In addition to this regulatory milestone, OKX Singapore has appointed Gracie Lin as its new CEO.
Lin will be responsible for leading the development of new offerings for the company’s Singaporean customers.
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Under Singapore’s Payment Services Act (PSA), cryptocurrencies are classified as digital payment tokens, and the country is recognized for its clear regulatory framework that supports the cryptocurrency sector.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
