Binance Competitor OKX Granted MAS Approval to Revolutionize Cross-Border Transfers in Singapore

The Monetary Authority of Singapore (MAS) has granted OKX in-principle approval for a major payment institution (MPI) license, marking a significant milestone for the cryptocurrency exchange. This approval not only solidifies OKX’s presence in the Singaporean market but also positions the exchange among a select group of licensed crypto platforms operating within the region.