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Cryptocurrency exchange OKX has announced the implementation of instant Singapore dollar (SGD) deposits and withdrawals for its Singapore-based customers. The new service was launched in collaboration with Singapore&#39;s largest bank, DBS. Users can now access funds through the country&#39;s PayNow and Fast and Secure Transfers (FAST) payment services.Evy Theunis, head of digital assets at DBS&#39;s institutional banking group, spoke about the bank&#39;s commitment to fostering a responsible digital asset ecosystem in Singapore. Theunis stated in an email to Reuters that working with OKX deepens the bank&#39;s wide-ranging involvement in this space.The implementation follows OKX&#39;s subsidiary <a href="https://cryptotale.org/okx-singapore-secures-major-payment-institution-licence/" rel="noopener noreferrer nofollow">obtaining a payments license</a> from the Monetary Authority of Singapore in September. This license enables the exchange to provide digital payment tokens and cross-border money transfer services within Singapore&#39;s jurisdiction.The move comes as Singapore is taking actions to position itself as a major cryptocurrency hub in Asia. This expansion also coincides with OKX&#39;s recent <a href="https://www.globenewswire.com/news-release/2024/10/29/2970940/0/en/OKX-Celebrates-A-New-Alternative-for-the-UAE-with-Trade-Like-a-Pro-Brand-Campaign-Featuring-Local-Influencers.html#:~:text&#61;OKX%20is%20the%20first%20global,Web3%20ecosystem%20in%20the%20region." rel="noopener noreferrer nofollow">launch</a> of a licensed cryptocurrency exchange in the United Arab Emirates. This exchange caters to both retail and institutional investors under Dubai&#39;s Virtual Assets Regulatory Authority (VARA) framework.<a href="https://cryptotale.org/okx-launches-instant-sgd-transfers-via-dbs-bank-partnership/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

OKX Launches Instant SGD Transfers via DBS Bank Partnership

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