#PI OKX obtaining a licensing as a payment institution is to ensure that its payment and stablecoin-related activities comply with the European Union's Markets in Crypto-Assets Regulation (MiCA) and the Second Payment Services Directive (PSD2), which will take effect in March 2026.
License Type: Under the new regulations, payment services involving stablecoins (classified as electronic money tokens EMT in the EU) require crypto asset service providers to hold either a Payment Institution (PI) or Electronic Money Institution (EMI) license.
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#PI OKX obtaining a licensing as a payment institution is to ensure that its payment and stablecoin-related activities comply with the European Union's Markets in Crypto-Assets Regulation (MiCA) and the Second Payment Services Directive (PSD2), which will take effect in March 2026.
License Type: Under the new regulations, payment services involving stablecoins (classified as electronic money tokens EMT in the EU) require crypto asset service providers to hold either a Payment Institution (PI) or Electronic Money Institution (EMI) license.