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Crypto Tuesday Drop Drives Bitcoin Below $58K, Ether Hits 7-Month Low
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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.
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