OKX Secures European Payments License to Expand Stablecoin Services

Cryptocurrency exchange OKX has obtained a Payment Institution license in Malta, bringing the firm into full compliance with upcoming European Union regulations. The license aligns OKX with the Markets in Crypto Assets (MiCA) framework and the Second Payment Services Directive (PSD2), which take effect in March 2026.

Under PSD2, crypto firms providing payment services using stablecoins classified as electronic money tokens are required to hold either a PI or an Electronic Money Institution (EMI) authorization. The new license enables OKX to continue offering stablecoin-based payment solutions across the EU in a fully regulated environment.

Expanding Real-World Crypto Payments

OKX recently launched several payment products, including OKX Pay and the OKX Card in partnership with Mastercard, to integrate stablecoins into everyday transactions. According to Erald Ghoos, CEO of OKX Europe, the PI license ensures these services operate within a secure and compliant framework.

The licensing move also supports OKX Ventures’ initiatives in the stablecoin space, such as backing issuance platforms like STBL. With this regulatory approval, OKX is positioned to accelerate its European expansion while providing compliant crypto payment solutions to retail and institutional users alike.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.