OKX Secures European Payments License to Boost Stablecoin and Crypto Card Services

Cryptocurrency exchange OKX has obtained a Virtual Asset Service Provider (VASP) license from the Malta Financial Services Authority (MFSA). This regulatory approval enables OKX to expand its suite of payment services across the European Economic Area (EEA). The license is a key step for OKX's plans to introduce Euro-denominated stablecoin transactions and enhance its crypto debit card offerings for users in Europe. This move strengthens OKX's compliance framework and positions it to compete more effectively in the regulated European crypto market, facilitating broader adoption of digital assets for everyday payments.