TechFlow reports that OKX has announced its Singapore subsidiary, OKX SG, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). Additionally, OKX has appointed former MAS official Gracie Lin as the CEO of its Singapore regional branch. According to OKX's press release, the license allows OKX SG to provide digital payment token services and cross-border remittance services, including offering cryptocurrency spot trading for Singaporean investors. Previously, Lin has worked at MAS, Singapore's sovereign wealth fund GIC, and ride-hailing giant Grab. She plans to focus on developing crypto products and services tailored to the needs of Singaporean investors. In March this year, OKX obtained a 'principle' MPI license from MAS. OKX President Hong Fang stated at the time that Singapore is a 'priority market' for the digital asset exchange.

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Deep Tide TechFlow News, OKX announced that its Singapore subsidiary OKX SG has obtained a Major Payment Institution license issued by the Monetary Authority of Singapore (MAS).
At the same time, OKX appointed former MAS official Gracie Lin as the CEO of the Singapore regional branch.
According to OKX's press release, this license allows OKX SG to provide digital payment token and cross-border remittance services, including cryptocurrency spot trading for Singaporean investors.
Lin previously served at MAS, Singapore's sovereign wealth fund GIC, and the ride-hailing giant Grab. She plans to focus on developing crypto products and services tailored to the needs of Singaporean investors. In March of this year, OKX obtained a "principles-based" MPI license from MAS.
OKX President Hong Fang stated at the time that Singapore is the exchange's "priority market" for digital assets.
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OKX's Singapore subsidiary obtains MAS comprehensive payment institution license, former MAS official appointed as CEO