• OKX snags European payments license for stablecoin and crypto card expansion The Payments Institution license, gained in Malta, aligns the exchange with European Union regulatory requirements that take effect in March 2026. • What to know: The payments institution (PI) license brings OKX into compliance with the Markets in Crypto-Assets (MiCA) regulation and the Second Payment Services Directive (PSD2). • Crypto firms conducting payments with stablecoins, which are legally classified as electronic money tokens (EMTs), must hold a PI or electronic money institution (EMI) authorization. • Cryptocurrency exchange OKX has obtained a payment institution (PI) license in Malta, aligning with European Union regulatory requirements that take effect in March. • The license allows OKX to continue offering stablecoin-related payment services across the EU in full compliance with the Markets in Crypto-Assets (MiCA) regulation and the Second Payment Services Directive (PSD2), the company said in a press release on Monday. • Under the updated PSD2 framework, crypto-asset service providers engaging in payment activities involving stablecoins, legally classified as electronic money tokens (EMTs), must hold a PI or electronic money institution (EMI) authorization.
Article Summaries:
- OKX snags European payments license for stablecoin and crypto card expansion The Payments Institution license, gained in Malta, aligns the exchange with European Union regulatory requirements that take effect in March 2026. What to know: - The payments institution (PI) license brings OKX into compliance with the Markets in Crypto-Assets (MiCA) regulation and the Second Payment Services Directive (PSD2). - Crypto firms conducting payments with stablecoins, which are legally classified as electronic money tokens (EMTs), must hold a PI or electronic money institution (EMI) authorization. Cryptocu
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