Cryptocurrency Q&A
Is OKX licensed in Singapore?
Is OKX licensed in Singapore?
KabukiPassion
Wed May 08 2024
|
6 answers
1395
Excuse me, I'm just curious about the regulatory status of OKX in Singapore. Could you please clarify whether OKX is licensed to operate in Singapore? It's important for me to understand the legal framework surrounding cryptocurrency exchanges in this jurisdiction. If OKX is indeed licensed, I would like to know more about the regulatory body that oversees its operations and the specific conditions of its license. Additionally, could you provide any information on how OKX ensures compliance with Singapore's financial regulations? This would greatly assist me in assessing the safety and reliability of the platform for my cryptocurrency transactions. Thank you for your assistance.
6 answers
HanbokGlamourQueen
Fri May 10 2024
The Monetary Authority of Singapore (MAS) has granted OKX in-principle approval for a major payment institution (MPI) licence.
Was this helpful?
291
91
CryptoLodestarGuard
Fri May 10 2024
This approval marks OKX as one of the few crypto exchanges to be licensed in Singapore.
Was this helpful?
107
32
SolitudeEcho
Fri May 10 2024
Other licensed exchanges include Independent Reserve and Coinhako.
Was this helpful?
147
41
Eleonora
Fri May 10 2024
The approval follows the granting of an MPI licence to Upbit earlier.
Was this helpful?
316
57
DondaejiDelightfulCharm
Thu May 09 2024
OKX's licence approval signals a step forward in the regulation of cryptocurrency exchanges in Singapore.
Was this helpful?
288
93
Load 5 more related questions
