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OKX, the second largest offshore crypto exchange, has received in-principle approval from Singapore's financial watchdog for a Major Payment Institution (MPI) license through its local subsidiary, OKX SG. This step allows OKX to potentially provide a broader range of digital token services in Singapore, pending full license approval from the Monetary Authority of Singapore (MAS). OKX's president, @hfangca, highlighted the approval as a testament to the company's commitment to the Singapore crypto ecosystem. The news comes amid a broader crypto bull run, with OKX's president discussing the factors driving the resurgence in the market.
"Bitcoin comes back stronger" - as we experience another crypto bull run, our president @hfangca sits down with @CNBC to discuss the factors driving this as well our announcement of OKX SG's in-principle approval by the MAS. ⤵
"Crypto comes back stronger" - as we experience another crypto bull run, our president @hfangca sits down with @CNBC to discuss the factors driving this as well our announcement of OKX SG's in-principle approval by the MAS. ⤵ https://t.co/D8Yzhjm0jI
Crypto exchange @okx receives in-principle approval for Singapore payments licence. https://t.co/EkjMWTFdXc https://t.co/VK8gsW9vnW
