{"id":28253,"date":"2024-09-02T15:00:21","date_gmt":"2024-09-02T12:00:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28253"},"modified":"2024-09-02T13:31:42","modified_gmt":"2024-09-02T10:31:42","slug":"okx-expands-in-singapore-with-major-payment-license","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/okx-expands-in-singapore-with-major-payment-license\/","title":{"rendered":"OKX Expands in Singapore with Major Payment License"},"content":{"rendered":"<p>Global bitcoin exchange <strong>OKX<\/strong> revealed that the <a href=\"https:\/\/www.mas.gov.sg\/\">Monetary Authority of Singapore<\/a> issued the complete Major Payment Institution license to <strong>OKX<\/strong> <strong>SG<\/strong>, its Singaporean branch. It also named veteran MAS official Gracie Lin as regional arm CEO. According to its news release, the license allows <strong>OKX SG<\/strong> to provide digital payment tokens and cross-border money transfer services\u2014including spot crypto trading\u2014for Singaporean investors.<\/p>\n<p>Previously part of MAS, national wealth fund GIC, and ride-hailing behemoth Grab, Lin intends to concentrate on creating crypto products and services fit for Singaporean investors, according to <strong>OKX<\/strong>. March this year saw Singapore grant <strong>OKX<\/strong> its &#8220;in principle&#8221; MPI license. At the time, its president, Hong Fang, declared that the digital asset exchange treats Singapore as a &#8220;priority market.&#8221;<\/p>\n<p>One of the biggest cryptocurrency exchanges in the world, <strong>OKX<\/strong>, handled almost $67 billion worth of coins in August; its main rival, Binance, experienced a monthly volume of $448.45 billion.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global bitcoin exchange OKX revealed that the Monetary Authority of Singapore issued the complete Major Payment Institution license to OKX SG, its Singaporean branch. It also named veteran MAS official Gracie Lin as regional arm CEO. According to its news release, the license allows OKX SG to provide digital payment tokens and cross-border money transfer<\/p>\n","protected":false},"author":6,"featured_media":10661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[816,8353,1776],"class_list":["post-28253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-okx","tag-okx-singapore","tag-singapore"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OKX Expands in Singapore with Major Payment License - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/okx-expands-in-singapore-with-major-payment-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OKX Expands in Singapore with Major Payment License - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Global bitcoin exchange OKX revealed that the Monetary Authority of Singapore issued the complete Major Payment Institution license to OKX SG, its Singaporean branch. It also named veteran MAS official Gracie Lin as regional arm CEO. According to its news release, the license allows OKX SG to provide digital payment tokens and cross-border money transfer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/okx-expands-in-singapore-with-major-payment-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T12:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-02T10:31:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/OKX.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/okx-expands-in-singapore-with-major-payment-license\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/okx-expands-in-singapore-with-major-payment-license\/\",\"name\":\"OKX Expands in Singapore with Major Payment License - 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