Okcoin to open doors in Malta and Netherlands

Friday 30 July 2021 11:33 CET | News

Cryptocurrency exchange Okcoin has announced it may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.

Okcoin said it had secured formal registration from the central bank in the Netherlands and secured ‘in principle’ approval for a virtual financial assets license from the Malta Financial Services Authority. In addition, the exchange has obtained a money transmitter license for the US territory of Puerto Rico.

The regulatory benchmarks in Europe are part of Okcoin’s plans to partner with local banks and payment providers to minimize regulation risks and make it easier for customers to purchase crypto with EUR. The exchange has been providing Dutch residents with crypto-to-crypto trading since 2018 and registered with the country’s central bank as a crypto service provider in May 2020.

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Keywords: cryptocurrency, cryptocurrency exchange, digital assets, money transfer, trading platform
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Europe
This article is part of category

Blockchain & Cryptocurrencies