OKX, a prominent global cryptocurrency exchange, has successfully obtained a Payment Institution (PI) license from the Malta Financial Services Authority, marking a significant milestone in its European expansion strategy. This license allows the platform to offer a wide range of payment services and manage electronic money across the European Union, facilitating smoother fiat-to-crypto transactions for its users. By securing this regulatory approval, OKX is positioned to enhance its stablecoin offerings and euro-denominated trading pairs in full compliance with the Markets in Crypto-Assets (MiCA) regulation. The company stated that this move underscores its commitment to operating within a transparent and regulated framework, providing institutional-grade security and localized financial services to its growing European customer base.
Source: OKX secures EU payment license to expand stablecoin services
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