The MPI license will allow the exchange to offer crypto trading, along with other services in the region.
Gracie Lin, the new CEO of the Singapore unit, worked at MAS for a decade earlier.
OKX, one of the top crypto exchanges by trading volume, has bolstered its presence in Singapore by obtaining a Major Payment Institution (MPI) license from the city-state’s regulator. The crypto exchange also named Gracie Lin, a former regulator, as the CEO of its Singaporean unit.
OKX Is Fully Licensed in Singapore
Officially announced yesterday (Sunday), the MPI license came six months after the crypto exchange was granted in-principle approval for it. Under the new license, the Singapore unit of OKX can offer digital payment tokens and cross-border money transfer services, including cryptocurrency trading.
Gracie Lin, CEO of OKX Singapore
“The MPI license is an important step in our journey, and we are more committed than ever to enabling access to digital assets for our customers and contributing to the community and ecosystem," said Lin.
Although officially announced yesterday, Lin’s LinkedIn profile shows that she joined OKX in March when the exchange received its in-principle license in Singapore.
Her role involves overseeing the company's strategic initiatives, including the development of permitted digital payment token products and services designed to meet the needs of Singaporean customers.
A Former Regulator
The crypto exchange onboarded Lin from Grab, Southeast Asia’s largest ride-hailing app, which has also expanded its business into other verticals. Lin spent about six years there and left as a Managing Director of Strategy and Economics.
She is also a former regulator and started her career with the Monetary Authority of Singapore (MAS) in mid-2005 as an Associate of Banking Supervision. She was later promoted to Deputy Director and Head of Money Markets and spent about a decade with the regulator. She also worked at Stone Harbor Investment Partners, Markit, and GIC.
Finance Magnates reported earlier that OKX, along with 46 other crypto firms, has also applied for a license in Turkey. However, the crypto exchange shuttered its operations in Nigeria and India, citing local regulations, and also discontinued its license application in Hong Kong.
OKX, one of the top crypto exchanges by trading volume, has bolstered its presence in Singapore by obtaining a Major Payment Institution (MPI) license from the city-state’s regulator. The crypto exchange also named Gracie Lin, a former regulator, as the CEO of its Singaporean unit.
OKX Is Fully Licensed in Singapore
Officially announced yesterday (Sunday), the MPI license came six months after the crypto exchange was granted in-principle approval for it. Under the new license, the Singapore unit of OKX can offer digital payment tokens and cross-border money transfer services, including cryptocurrency trading.
Gracie Lin, CEO of OKX Singapore
“The MPI license is an important step in our journey, and we are more committed than ever to enabling access to digital assets for our customers and contributing to the community and ecosystem," said Lin.
Although officially announced yesterday, Lin’s LinkedIn profile shows that she joined OKX in March when the exchange received its in-principle license in Singapore.
Her role involves overseeing the company's strategic initiatives, including the development of permitted digital payment token products and services designed to meet the needs of Singaporean customers.
A Former Regulator
The crypto exchange onboarded Lin from Grab, Southeast Asia’s largest ride-hailing app, which has also expanded its business into other verticals. Lin spent about six years there and left as a Managing Director of Strategy and Economics.
She is also a former regulator and started her career with the Monetary Authority of Singapore (MAS) in mid-2005 as an Associate of Banking Supervision. She was later promoted to Deputy Director and Head of Money Markets and spent about a decade with the regulator. She also worked at Stone Harbor Investment Partners, Markit, and GIC.
Finance Magnates reported earlier that OKX, along with 46 other crypto firms, has also applied for a license in Turkey. However, the crypto exchange shuttered its operations in Nigeria and India, citing local regulations, and also discontinued its license application in Hong Kong.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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