Key Takeaways:
- OKX has obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS), enabling unrestricted crypto trading and cross-border transfers in Singapore.
- The license removes transaction limits for payment institutions, allowing OKX to significantly expand its service offerings.
- Gracie Lin, a former MAS executive, has been appointed as CEO of OKX Singapore, highlighting the strategic importance of Singapore in the company’s global expansion.
OKX, a leading crypto exchange, has secured a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS), allowing it to offer unrestricted crypto trading and cross-border transfer services within Singapore.
The license lifts the usual transaction limits for payment institutions, enabling OKX to expand its service capabilities significantly.
We're taking crypto to the heart of financial markets and mainstream adoption: Singapore 🇸🇬
— OKX (@okx) September 2, 2024
We've received our Major Payment Institution (MPI) License from the MAS, allowing us to offer digital payment tokens and cross-border money transfer services.
To lead our charter in… pic.twitter.com/33y3fXM4S4
Alongside this milestone, OKX Singapore has appointed Gracie Lin, a former executive at MAS, as its new CEO.
Lin emphasized the strategic importance of Singapore in OKX’s global expansion and the commitment to enhancing services for local customers.
Crypto is the next frontier of innovation & Singapore is the place to spearhead the mission of taking the world onchain
— Gracie (@gracielinsy) September 2, 2024
I'm thrilled to announce that I’ve taken on a new role as CEO of OKX SG & we've just received our MPI License from the MAS
To new beginnings🚀 https://t.co/mxUmQ7OVOz
This move coincides with Singapore’s recognition as a global leader in cryptocurrency adoption, driven by its strong regulatory environment.
About The Author
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