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Crypto Exchange OKX Granted In-Principle Approval to Offer Services in Singapore
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Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore’s central bank. This marks a significant step towards achieving full regulatory compliance in the country.
Approval in-principle typically means that financial institutions are conditionally chosen to fulfill specific obligations within a set timeframe.
The next step is obtaining approval for a Major Payment Institution License, allowing the unrestricted provision of payment services such as digital payment token services and cross-border transfers, without transaction volume limits.
We're proud to announce OKX SG has received in-principle approval for an MPI License from the MAS
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