OKX Receives Major Payment Institution License in Singapore
Cryptocurrency exchange OKX has been granted a Major Payment Institution (MPI) license in Singapore, according to a recent announcement. This license allows OKX to provide a range of payment services, including:
Digital payment token services
Money-changing services
Cross-border money transfer services
The MPI license is issued by the Monetary Authority of Singapore (MAS) and is a significant milestone for OKX as it expands its presence in the region.
Key Highlights:
OKX is one of the first cryptocurrency exchanges to receive the MPI license in Singapore
The license enables OKX to offer a wider range of payment services to customers in Singapore
The move is seen as a positive development for the cryptocurrency industry in Singapore, which has been actively promoting fintech innovation while maintaining strict regulatory standards.
About OKX:
OKX is a leading cryptocurrency exchange that offers a range of services, including spot and derivatives trading, staking, and more. With the MPI license, OKX is well-positioned to expand its services in Singapore and further establish itself as a trusted player in the cryptocurrency industry.