OKX Fined $2.6M for Operating Unregistered in the Netherlands
The post OKX Fined $2.6M for Operating Unregistered in the Netherlands appeared first on Coinpedia Fintech News
Crypto exchange OKX was fined $2.6 million by the Dutch National Bank for offering cryptocurrency services in the Netherlands without registering with the regulator. The fine covers the period from July 2023 to August 2024, before new EU regulations came into effect. OKX stated the issue was resolved, with affected users migrated to their licensed European entity. The company emphasized its focus on compliance and secure operations going forward.
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OKX Fined $2.6M for Operating Unregistered in the Netherlands
The post OKX Fined $2.6M for Operating Unregistered in the Netherlands appeared first on Coinpedia Fintech News
Crypto exchange OKX was fined $2.6 million by the Dutch National Bank for offering cryptocurrency services in the Netherlands without registering with the regulator. The fine covers the period from July 2023 to August 2024, before new EU regulations came into effect. OKX stated the issue was resolved, with affected users migrated to their licensed European entity. The company emphasized its focus on compliance and secure operations going forward.
Read More
13-Year Dormant Bitcoin Whale Moves $108.8M