Business

OKX Singapore Gains Full Crypto License, Appoints Former MAS Official as CEO

Sep 2, 2024 1 min read

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OKX Singapore, the Singapore subsidiary of the global crypto exchange OKX, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows the company to offer a range of digital payment services, including digital payment tokens, cross-border transfers, and spot trading of cryptocurrencies for Singaporean customers.

In conjunction with the license approval, OKX has appointed Gracie Lin as the CEO of OKX Singapore. Lin, who brings nearly two decades of experience across financial, public, and technology sectors, has previously served as a deputy director at MAS, vice president at GIC, and head of strategy and economics at Grab. Lin's role will involve overseeing the company's strategic initiatives and the development of digital payment tokens tailored for the Singapore market.

The developments come as OKX continues to expand its operations across Asia and Europe, with recent expansions into Australia. The company has also recently withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong.

#finance #cryptocurrency #business-leaders #tech #fintech #governance-esg

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