OKX Gains Key License in Singapore, Appoints Former Regulator as CEO

OKX has recently secured a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its operations in the region.

This new license will enable OKX to conduct cryptocurrency trading and facilitate cross-border payments without the typical volume restrictions placed on payment service providers.

In conjunction with this license acquisition, OKX Singapore has appointed Gracie Lin as its new CEO.

Lin, who has a background with MAS, will lead the company’s efforts to strengthen its presence in Singapore, a key market for digital assets.

READ MORE:

SEC Raises Concerns Over FTX’s Creditor Repayment Plan

Singapore is ranked as the top global hub for cryptocurrency adoption, according to a recent Henley & Partners study.

The country excelled in areas like regulation, infrastructure, and economic conditions, scoring the highest in the survey.

Alexander Stefanov