The post Okx Secures Major Payment Institution License in Singapore, Appoints Gracie Lin as New CEO appeared on BitcoinEthereumNews.com.

Okx SG Pte. Ltd., a prominent entity in the crypto space, has received a Major Payment Institution license from the Monetary Authority of Singapore. This license enhances Okx’s ability to offer a broader range of financial services, particularly in the fast-evolving digital assets market. Gracie Lin, newly appointed CEO, highlighted Singapore’s relevance in Okx’s strategic growth, emphasizing the nation’s global standing in digital finance. Discover how Okx’s new MPI license and leadership changes position the company for growth in Singapore’s competitive crypto market. Okx Secures Major Payment Institution License in Singapore Okx, a global leader in cryptocurrency trading and web3 technology, has made significant strides by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development positions Okx SG Pte. Ltd., the company’s Singapore subsidiary, to provide essential digital payment token services and cross-border money transfer options within the region. The MPI license, which falls under the Payment Services Act 2019, enables Okx SG to engage in spot trading of cryptocurrencies, thereby broadening its appeal to local customers and enhancing its operational scope. Strategic Movements: Gracie Lin Takes Charge as CEO In a strategic move to bolster its operations in Singapore, Okx appointed Gracie Lin as the new CEO of Okx SG. Lin brings a wealth of experience from her previous roles, including significant tenure at Grab and positions within the Monetary Authority of Singapore and the Government of Singapore Investment Corporation (GIC). Under her leadership, Okx is expected to refine its strategies to cater specifically to the Singaporean market’s unique needs. Lin remarked on her new post, noting, “Singapore is a world-class digital asset hub and an important market for Okx.” Her vision aligns closely with Okx’s commitment to fostering robust digital asset accessibility and contributing to the broader financial ecosystem. Commitment to…

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Filed under: News - @ September 3, 2024 6:13 am