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Will OKX expand EU operations to three more countries by mid-2025?
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OKX, Second Largest Offshore Exchange, Secures MiCA Pre-Authorization for EU Operations from Malta Hub
Jan 23, 2025, 01:40 PM
OKX, the second largest offshore cryptocurrency exchange, has secured a pre-authorization under the Markets in Crypto-Assets (MiCA) regulation, becoming the first Virtual Financial Assets (VFA) exchange to achieve this milestone. This pre-authorization allows OKX to prepare for a full MiCA license, which will enable the exchange to offer localized cryptocurrency services across the European Union. The announcement highlights OKX's commitment to regulatory compliance and customer protection, particularly as the European Union implements comprehensive crypto regulations. The exchange's Malta hub has been pivotal in this development, reflecting a broader trend towards establishing regulatory frameworks for cryptocurrency in Europe.
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