Cryptocurrency exchange OKX expanded its regulatory footprint in Europe, securing a license for stablecoin payments.
OKX has obtained a Payment Institution (PI) license in Malta, the company told Cointelegraph. The authorization is issued under the European Union’s payments framework and is designed to bring OKX’s payment products into line with requirements under the bloc’s Markets in Crypto-Assets Regulation (MiCA) and the Second Payment Services Directive (PSD2).
Under these rules, crypto-asset service providers (CASPs) offering payment services involving stablecoins must hold either a PI or Electronic Money Institution (EMI) authorization. OKX’s PI license comes more than a year after the exchange received a MiCA license from the Malta Financial Services Authority (MFSA) in January 2025.
Read more: cointelegraph.com
Source: CRYPTO WORLD NETWORK NEWS
