OKX Singapore subsidiary obtains MAS full payment institution license, former MAS official appointed as CEO

Odaily News OKX announced that its Singapore subsidiary OKX SG has obtained a "Major Payment Institution" license issued by the Monetary Authority of Singapore (MAS). At the same time, OKX appointed former MAS official Gracie Lin as CEO of the Singapore regional branch. According to OKX's press release, the new license allows OKX SG to provide digital payment tokens and cross-border remittance services, including cryptocurrency spot trading for Singapore investors. (The Block)