OKX Singapore also announced that it has hired Gracie Lin as its CEO. Lin previously worked at the Monetary Authority of Singapore.
Crypto exchange OKX has secured a full license in Singapore, allowing it to facilitate crypto trading and cross-border transfers. The company simultaneously announced that it had also onboarded a former regulator as the CEO of its arm, OKX Singapore.
On Sept. 2, the exchange announced that the Monetary Authority of Singapore (MAS) issued its major payment institution (MPI) license, allowing it to offer cross-border money transfer services and digital payment tokens.
Major payment institution license benefits in Singapore. Source: MAS
