Deniz 
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 services—including spot crypto trading—for Singaporean investors.
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 OKX. March this year saw Singapore grant OKX its “in principle” MPI license. At the time, its president, Hong Fang, declared that the digital asset exchange treats Singapore as a “priority market.”
One of the biggest cryptocurrency exchanges in the world, OKX, handled almost $67 billion worth of coins in August; its main rival, Binance, experienced a monthly volume of $448.45 billion.
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