Digital assets firm OKX is streamlining their operations in the European Union.
Following OKCoin Europe’s registration with the Malta Financial Services Authority (MFSA) as a crypto asset service provider (CASP) under the new EU MiCA regulation, OKCoin Europe Limited reports that it has now passported its license across all European Union nations, including France.
As part of this latest strategic move, OKX Group has now reportedly decided to deregister OKX France Technology Company Limited SAS as a digital asset service provider (PSAN) in France.
As explained in a blog post, all MiCA-regulated crypto services in France are provided exclusively through OKCoin Europe and there is no impact to their EU customers or operations as a result of this deregistration.
As stated in the update from OKX, this decision reflects their broader EU strategy: to operate under a single, unified MiCA license and streamline our regulatory presence across the region.
OKCoin Europe is said to be among the first crypto exchanges to be licensed under MiCA and to “passport its services throughout the EU.”
The French Financial Markets Authority (AMF), with approval from the Prudential Supervision and Resolution Authority (ACPR), officially confirmed the “deregistration of OKX France Technology Company Limited on July 28, 2025.”
As covered recently, OKX has announced key developments that reaffirm its commitment to the Southeast Asia region.
The appointment of Gracie Lin as CEO of OKX Singapore, coupled with the acquisition of a full Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS), marks an important milestone for the company.
These updates highlight the exchange’s focus on responsible business models, regulatory compliance, and enabling Singapore’s Web3 ecosystem
As Singapore solidifies its position as a global hub for financial technology and digital assets, OKX is positioning itself as a integral player in this market.
Gracie Lin, a Singapore native with a track record in finance and technology, reportedly brings considerable experience to her new role as CEO of OKX Singapore.
Having previously held leadership positions at the MAS, GIC, and Grab, Lin’s deep understanding of Singapore’s regulatory and financial ecosystem makes her a fit to steer OKX’s regional ambitions.
Her leadership is expected to drive OKX’s mission to connect Singapore’s customers to the onchain ecosystem in a seamless manner, leveraging the company’s expertise in the crypto space.
The full MPI license, granted by the MAS, may be considered a cornerstone of OKX’s strategy in Singapore.
This license enables OKX Singapore to offer digital payment token services and cross-border money transfer services, including spot trading of cryptocurrencies.
The approval follows an in-principle nod from the MAS in March 2024, reflecting OKX’s focus on meeting Singapore’s stringent regulatory standards.
The license validates OKX’s business strategy and positions it as one of the crypto platforms globally, reportedly serving over 50 million users across 180 regions.