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OKX Resolves Regulatory Failings with Malta Financial Services Authority
OKX, one of the leading cryptocurrency service providers in the industry, has reached a settlement agreement with the Malta Financial Services Authority (MFSA) regarding the violation of certain rules in the country.
In an official filing published in February, the financial regulator said it agreed to settle with the company for £304,000 after demonstrating goodwill.
OKX Resolves Regulatory Issues in Malta
OKX announced in December 2023 that it is expanding its business offerings in Malta to strengthen its global presence. The company even opened a local office in compliance with the country’s crypto regulations to better service its customers in the region.
However, after a few weeks of operation, the Maltese government began looking into the firm for potential “failings” in relation to its operations in the nation.
During the investigation, authorities found that the company viol
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