Singapore Grants OKX a Major Payment Institution License
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The Singapore branch of the cryptocurrency exchange OKX has recently been granted a Major Payment Institution license by the country’s central bank.
This allows OKX SG to offer services such as buying and selling crypto and cross-border money transfers.
Additionally, Gracie Lin has been appointed as CEO to lead the development of new products and services specifically for customers in Singapore.
In Singapore, cryptocurrencies are regulated as digital payment tokens under the Payment Services Act, making the country a popular location for cryptocurrency operations due to its clear guidelines for these types of firms.
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