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OKX S'pore gets major payment institution licence and new CEO
The Straits Times
|September 03, 2024
The Singapore branch of crypto exchange OKX has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).
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This comes after the local entity received an in-principle approval for an MPI licence from the MAS in February, said the company on Sept 2.
The licence will allow OKX Singapore to offer digital payment token and cross-border money transfer services, including spot trading of cryptocurrencies for customers in Singapore.
Ms Gracie Lin, former managing director of Grab's regional strategy and economics team, has been appointed the chief executive of OKX Singapore.
Ms Lin has nearly two decades of experience across the financial, public and technology sectors.
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