OKX Granted Approval For Payment Institution License In Singapore.

OKX Granted Approval For Payment Institution License In Singapore.

Published Wednesday 13th March 2024

OKX, a prominent cryptocurrency exchange platform, has achieved a significant milestone by securing approval for a payment institution license in Singapore. This accomplishment underscores the platform's commitment to complying with regulatory standards and expanding its service offerings to users in the region. The approval highlights OKX's dedication to providing a secure and regulated environment for users to engage in cryptocurrency transactions and related services.

Through its Singapore subsidiary, OKX has obtained in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore. This approval empowers the exchange to broaden its range of payment services and exceed transaction volume limits, enhancing the overall user experience and convenience. By obtaining this license, OKX can further solidify its position as a trusted and reliable platform for users to buy, sell, and trade cryptocurrencies with ease and confidence.

Crypto News & Headlines

Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox

The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox

Trending on 18th July 2024 01:23 PM

BlockFi To Begin Temporary Crypto Distributions On Coinbase In July

Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current

Trending on 18th July 2024 12:54 PM

Mt. Gox Creditors Face Multiple Brute-Force Login Attempts

Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.

Trending on 18th July 2024 11:03 AM

Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4

Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z

Trending on 18th July 2024 10:45 AM

Indian Crypto Exchange WazirX Hit By $230M Hack

WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m

Trending on 18th July 2024 09:43 AM