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TechFlow News — OKX has received in-principle approval from Singapore's financial regulator for a Major Payment Institution (MPI) license through its local subsidiary, OKX SG.
The MPI license is issued by the Monetary Authority of Singapore (MAS), the country's primary financial regulatory body. Upon obtaining full licensing from MAS, OKX will be permitted to provide digital payment token services and cross-border money transfer services in Singapore.
OKX has received in-principle approval from Singapore's main financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license through its local subsidiary, OKX SG. The MPI license is issued by the MAS. Upon obtaining full licensure from the MAS, OKX will be permitted to offer digital payment token services and cross-border money transfer services in the country.
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