Crypto exchange OKX settles with Malta's MFSA for £304,000 over unspecified failings with Okcoin Europe, agreeing to hire an independent review for governance.
Crypto exchange OKX has settled with Malta's financial regulator, MFSA, for £304,000 ($322,000) over unspecified "failings" related to its Okcoin Europe subsidiary. The MFSA's investigation found issues concerning Article 41 of the MFSA Virtual Financial Assets Act. As part of the settlement, OKX agreed to hire an independent third-party service provider to review its governance arrangements.
March 27, 2024
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