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Crypto Exchange OKX Pays €304,000 Fine in Malta for Compliance Failures

From financemagnates.com

Okcoin Europe, the European branch of the cryptocurrency exchange OKX, recently received a fine of €304,000 from the Malta Financial Services Authority (MFSA) for failing to comply with local laws related to virtual assets. According to the MFSA, when determining the amount of the fine, it took the fact that OKX representatives cooperated with the regulator into account. However, no detailed information was provided regarding the specific violations. OKX Faces Financial Penalty in Malta: OKX, which has been operating in the Maltese market since 2018, is one of the largest entities in the retail cryptocurrency ... (full story)

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