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OKX Secures Major Payment License in Singapore, Appoints Gracie Lin as New CEO

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Nicholas Edwards
Nicholas Edwardshttps://bollywoodfever.co.in/
Nicholas Edwards is a passionate writer with a keen interest in sports and business news. With a knack for delivering insightful and engaging content, Nicholas keeps his finger on the pulse of the latest developments in these dynamic fields. His enthusiasm for both sports and business shines through in his writing, making complex topics accessible to a wide audience. Whether it's dissecting the latest game-changing play or analyzing market trends, Nicholas brings a fresh perspective and a wealth of knowledge to his articles. Email @ admin@bollywoodfever.co.in

Global crypto exchange OKX has obtained a Major Payment Institution (MPI) license from Singapore’s MAS, enabling digital payment services. Gracie Lin has been appointed as CEO of OKX Singapore.

Bollywood Fever: OKX, a leading global cryptocurrency exchange and web3 technology firm, has secured a Major Payment Institution (MPI) license from Singapore’s central bank, the Monetary Authority of Singapore (MAS). 

This license, granted under the Payment Services Act 2019 (PS Act), permits OKX’s Singaporean entity, OKX SG Pte. Ltd., to offer digital payment token services and cross-border money transfer services, including spot trading of cryptocurrencies.

In conjunction with this milestone, OKX has appointed Gracie Lin as the new CEO of OKX SG. 

Lin brings a wealth of experience from her previous roles at Grab, MAS, and GIC, and is set to lead the company’s strategic initiatives in the Singaporean market.

OKX Secures Major Payment License in Singapore, Appoints Gracie Lin as New CEO

The newly obtained license is a significant achievement for OKX as it seeks to deepen its presence in Singapore and contribute to the growth of the regional digital asset ecosystem. 

Highlighting the importance of this development, OKX SG stated that the license will enable the company to expand its services and offer a more robust experience for local customers.

Gracie Lin, reflecting on her new role, emphasized the strategic importance of Singapore in OKX’s global growth plans. “Singapore is a world-class digital asset hub and an important market for OKX,” Lin noted. 

She further underscored the company’s commitment to enabling access to digital assets for its customers and contributing positively to the local community and ecosystem.

OKX’s in-principle approval for the license was received in February 2024, and since then, the company has focused on assembling a team of experts to better serve the Singaporean market. 

With this latest development, OKX is poised to strengthen its foothold in Singapore, positioning itself as a key player in the digital assets space within the region.


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