OKX SG, a Singaporean entity of the crypto exchange OKX, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and appointed former regulator Gracie Lin as CEO.
The MPI license, highly sought after, allows businesses to operate without transaction limits. OKX SG, which received in-principle approval in February 2024, views Singapore as a crucial market for its global strategy, emphasizing the country’s leadership in crypto adoption due to its favorable financial and regulatory environment.
OKX Appoints New CEO
Gracie Lin, CEO of OKX SG, emphasized Singapore’s significance as a global digital asset hub and its importance to the exchange. According to her, crypto is the next frontier of innovation, and Singapore plays a significant role in adoption.