OKEx , Worlds 2nd Largest Crypto Exchange Moves to Malta

OKEx-Worlds-2nd-Largest-Crypto-Exchange-Moves-to-malta

Malta welcomes the second largest crypto exchange today , OKEx , as published within their press release on April 12. Recently Malta passed many legislations concerning cryptocurrency, ICO’s, and blockchain technology in an attempt to become the ultimate crypto friendly “Blockchain Island”.

Binance, the world’s largest exchange by trade volume, also announced in March that they plan on opening an office in Malta due to warnings from Japanese regulators.

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Malta released a document in February labeled “Malta – A leader in DLT Regulation,” and plans on establishing several regulatory organizations supporting blockchain and cryptocurrency. Two of these regulations are the Malta Digital Innovation Authority Bill and the Virtual Currencies Bill.

After a meeting with Maltese regulators, OKEx states within their press release, that the crypto framework they reviewed has lifted their confidence in the Malta governments. After reviewing their approach to cryptocurrency and blockchain, they have decided to make Malta a foundation for future OKEx growth.

CEO of OKEx Chris Lee states…

“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.”

According to CoinMarketCap, OKEx is the second ranked cryptocurrency exchange by 24 hour trading volume with over $1.6 billion traded over a 24 hour.

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