OKX, one of many prime crypto exchanges by buying and selling quantity, has bolstered its presence in Singapore by acquiring a Main Cost Establishment (MPI) license from the city-state’s regulator. The crypto trade additionally named Gracie Lin, a former regulator, because the CEO of its Singaporean unit.
OKX Is Absolutely Licensed in Singapore
Formally introduced yesterday (Sunday), the MPI license got here six months after the crypto trade was granted in-principle approval for it. Underneath the brand new license, the Singapore unit of OKX can supply digital cost tokens and cross-border cash switch providers, together with cryptocurrency buying and selling.
Gracie Lin, CEO of OKX Singapore
“The MPI license is a crucial step in our journey, and we’re extra dedicated than ever to enabling entry to digital property for our clients and contributing to the group and ecosystem,” mentioned Lin.
Though formally introduced yesterday, Lin’s LinkedIn profile exhibits that she joined OKX in March when the trade obtained its in-principle license in Singapore.
Her function includes overseeing the corporate’s strategic initiatives, together with the event of permitted digital cost token services designed to satisfy the wants of Singaporean clients.
A Former Regulator
The crypto trade onboarded Lin from Seize, Southeast Asia’s largest ride-hailing app, which has additionally expanded its enterprise into different verticals. Lin spent about six years there and left as a Managing Director of Technique and Economics.
She can also be a former regulator and began her profession with the Financial Authority of Singapore (MAS) in mid-2005 as an Affiliate of Banking Supervision. She was later promoted to Deputy Director and Head of Cash Markets and spent a couple of decade with the regulator. She additionally labored at Stone Harbor Funding Companions, Markit, and GIC.
Finance Magnates reported earlier that OKX, together with 46 different crypto companies, has additionally utilized for a license in Turkey. Nonetheless, the crypto trade shuttered its operations in Nigeria and India, citing native laws, and likewise discontinued its license software in Hong Kong.
OKX, one of many prime crypto exchanges by buying and selling quantity, has bolstered its presence in Singapore by acquiring a Main Cost Establishment (MPI) license from the city-state’s regulator. The crypto trade additionally named Gracie Lin, a former regulator, because the CEO of its Singaporean unit.
OKX Is Absolutely Licensed in Singapore
Formally introduced yesterday (Sunday), the MPI license got here six months after the crypto trade was granted in-principle approval for it. Underneath the brand new license, the Singapore unit of OKX can supply digital cost tokens and cross-border cash switch providers, together with cryptocurrency buying and selling.
Gracie Lin, CEO of OKX Singapore
“The MPI license is a crucial step in our journey, and we’re extra dedicated than ever to enabling entry to digital property for our clients and contributing to the group and ecosystem,” mentioned Lin.
Though formally introduced yesterday, Lin’s LinkedIn profile exhibits that she joined OKX in March when the trade obtained its in-principle license in Singapore.
Her function includes overseeing the corporate’s strategic initiatives, together with the event of permitted digital cost token services designed to satisfy the wants of Singaporean clients.
A Former Regulator
The crypto trade onboarded Lin from Seize, Southeast Asia’s largest ride-hailing app, which has additionally expanded its enterprise into different verticals. Lin spent about six years there and left as a Managing Director of Technique and Economics.
She can also be a former regulator and began her profession with the Financial Authority of Singapore (MAS) in mid-2005 as an Affiliate of Banking Supervision. She was later promoted to Deputy Director and Head of Cash Markets and spent a couple of decade with the regulator. She additionally labored at Stone Harbor Funding Companions, Markit, and GIC.
Finance Magnates reported earlier that OKX, together with 46 different crypto companies, has additionally utilized for a license in Turkey. Nonetheless, the crypto trade shuttered its operations in Nigeria and India, citing native laws, and likewise discontinued its license software in Hong Kong.
