Tag: Cryptocurrency Regulation

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe
Business & Finance, News

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

OKX becomes one of the first cryptocurrency exchanges to obtain the MiCA (Markets in Crypto-Assets) authorization. The license enables OKX to provide regulated services to over 400 million users across 28 EEA countries. OKX now offers over 240 cryptocurrencies, spot trading, OTC dealing, and bot trading, along with local payment options. The MiCA license grants OKX passporting rights, allowing seamless expansion within the EEA.OKX’s European headquarters in Malta will enhance user experience with local language and currency support. The company successfully obtained the license on January 27, 2025, following a rigorous regulatory process. This achievement solidifies OKX’s role as a global leader in secure and compliant cryptocurrency services. Key Highlights:OKX Secures MiCA Authori...
Hong Kong’s SFC Takes Tough Stance Against Unregulated Crypto Platforms
Business & Finance

Hong Kong’s SFC Takes Tough Stance Against Unregulated Crypto Platforms

Despite recognizing the potential benefits of cryptocurrencies, the Securities and Futures Commission (SFC) of Hong Kong is taking a firm stance against unregulated crypto trading platforms operating within its jurisdiction. Comprehensive List of Virtual Asset Trading Platforms (VATPs) In an announcement made on September 25, the SFC outlined its commitment to compile an extensive list that includes licensed, deemed licensed, closing down, and application-pending virtual asset trading platforms (VATPs). This initiative aims to provide the public with essential information to help identify potentially unregulated VATPs in Hong Kong. Transparency on "Suspicious VATPs" To enhance transparency, the SFC plans to maintain a dedicated catalog of "suspicious VATPs." This catalog wi...