Malta has been dubbed the “blockchain island” as more and more leading cryptocurrency companies are showing interest in the country’s favorable legal and tax environment for crypto businesses.
OKEx is a leading cryptocurrency exchange that provides cryptocurrency exchange, token and futures trading services to users around the world. The company is headquartered in Belize and has its main operational center in Hong Kong.
“We look forward to working with Malta’s progressive government as it shares many of our values, such as protecting traders and users, adhering to anti-money laundering legislation, complying with know-your-customer requirements, and it recognizes innovation and the importance of the continued development of the blockchain ecosystem,” said Chris Lee, CEO of OKEx. Tim Byun, chief risk officer, said he sees Malta as a strong strategic partner in a market dominated by new technologies.
OKEx will open a representative office in Malta, following the example of the world's largest cryptocurrency exchange by trading volume Binance, which said in March last year that will be redeployed to Malta.
“OKEx's statement is a confirmation of confidence in Malta. The fact that Malta is the first country to regulate this sector by establishing a special body has attracted the attention of international companies Binance and OKEx. Soon, other companies will operate here,” says member of the Parliament of the Republic of Malta Silvio Schembri.
Prime Minister of Malta Joseph Muscat wrote on Twitter that he is glad to welcome OKEx to Malta.
We would like to remind you that in the last two weeks OKEx has appeared in the world news several times: on March 28, this site delisted trading pairs with Bitcoin Cash, March 30 froze all trading operations with Bitcoin due to suspicions in the collective manipulation of the price of this cryptocurrency, as a result of which one of the traders threatened to commit suicide right in front of the exchange office in Hong Kong.
According to https://www.maltatoday.com.mt
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