- OKX secures in-principle approval for a Major Payment Institution License in Singapore.
- The license allows OKX to offer digital payment tokens and cross-border remittance services.
- OKX Wallet partners with Animoca Brands’ Mocaverse.
OKX, a leading crypto exchange, has secured in-principle approval from the Monetary Authority of Singapore to operate under a Major Payment Institution License.
This license enables OKX to offer digital payment tokens and cross-border remittance services, adhering to Singapore’s Payment Services Act regulatory framework.
Joining the ranks of licensed crypto exchanges
OKX joins a growing list of companies, including fintech firm Payoneer Singapore and crypto exchange Upbit Singapore, that have secured the same approval in Singapore.
Founded in 2017, OKX has amassed over 50 million users worldwide and ranks as the second-largest crypto exchange by 24-hour trading volume.
OKX Wallet partners with Animoca Brands’ Mocaverse
In addition to its exchange, OKX offers its wallet, OKX Wallet, which facilitates user engagement in NFTs, the metaverse, and the trading of GameFi and decentralized finance tokens.
Recently, Hong Kong-based Animoca Brands announced that OKX Wallet would be one of the wallet partners for Mocaverse, the Web3 giant’s membership network project.
To read the original article in its entirety: https://www.techinasia.com/okx-wins-singapore-license-to-launch-tokens
