OKX Now Fully Licensed In Singapore, Hires Former MAS Official As Local CEO !!
OKX SG, the Singapore entity of global crypto exchange OKX, has reportedly received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore.
The MPI license allows the company to offer cross-border money transfer services and digital payment tokens, including spot crypto trading for Singaporean investors.
It allows OKX to exceed volume limitations for payment institutions. The announcement also states that the OKX SG has appointed Gracie Lin, a former MAS official, as CEO of the regional.