DeFi

Bitcoin

Planet

Coin

<div class="intro-text">
 OKX has <a style="color: #0000ff;" href="https://www.prnewswire.com/news-releases/okx-sg-receives-mpi-license-from-monetary-authority-of-singapore-and-welcomes-gracie-lin-as-ceo-302235651.html" rel="noopener noreferrer nofollow">announced</a> that its local branch, OKX SG Pte. Ltd., has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). Meanwhile, Gracie Lin, a former official of the regulatory agency, has been appointed as the CEO of OKX SG.
</div>
<a style="color: #0000ff;" href="https://www.prnewswire.com/news-releases/okx-sg-receives-mpi-license-from-monetary-authority-of-singapore-and-welcomes-gracie-lin-as-ceo-302235651.html" rel="noopener noreferrer nofollow">According to the press release</a>, the Major Payment Institution (MPI) license enables OKX SG to provide digital payment tokens and cross-border money transfer services. This includes spot trading (buying and selling) of cryptocurrencies for customers in Singapore.
OKX SG <a style="color: #0000ff;" href="https://www.okx.com/learn/okx-in-principle-approval-mas-singapore" rel="noopener noreferrer nofollow">received</a> in-principle approval for an MPI License from the MAS in February 2024 and is now assembling a world-class team of experts to support its plans for serving local customers in Singapore.
In her capacity as CEO, Lin will be responsible for supervising the company’s strategic endeavours, with a special focus on crafting digital payment token offerings and services designed specifically to meet the demands of customers in Singapore.
Lin expressed excitement about joining the team in Singapore and building the company’s presence there. According to her, obtaining the MPI license is a significant milestone and it demonstrates OKX’s commitment to providing access to digital assets and contributing to the local community.&nbsp;
This move follows a recent move by OKX to expand its offerings. The crypto exchange <a style="color: #0000ff;" href="https://defi-planet.com/2024/08/okx-launches-aud-trading-pairs-for-major-cryptocurrencies/#google_vignette" rel="noopener noreferrer nofollow">launched</a> major crypto trading pairs against the Australian dollar (AUD). As of Monday, August 19, local users can trade Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against the AUD.&nbsp;
Jamie Kennedy, General Manager of OKX Australia, stated that this move addresses increasing demand from Australian users. “Offering crypto-AUD trading pairs is crucial for advancing Australia’s crypto ecosystem, and we are committed to investing in tailored products to support this growth,” Kennedy stated.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/09/okx-receives-regulatory-approval-in-singapore-names-former-mas-official-as-ceo/" rel="noopener noreferrer nofollow">OKX Receives Regulatory Approval in Singapore, Names Former MAS Official as CEO</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

OKX Receives Regulatory Approval in Singapore, Names Former MAS Official as CEO

DeFi Planet

Other articles published on Sep 2, 2024

Economic Data Influences Bitcoin and Dollar Index

Bitcoin Under $58K Today, But Could a September Surge Take It to New Heights?

Hong Kong’s stablecoin issuer IDA raises $6m in round led by CMCC Global and Hashed

AAVE & BlackRock Collaborate, XRP Explores New Opportunities, and Qubetics Offers New Investment ...

OKX Singapore Secures MPI License and Appoints Lin as CEO

XRP News: New Report Shows How Ripple Payments is a Game-Changer for Local Banks in Supporting Sm...

Join our free newsletter for daily crypto updates!