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Cryptocurrency exchange OKX pleads guilty, agrees to pay over $500M for operating without a license.
Cryptocurrency exchange OKX has pleaded guilty to operating as an unlicensed money transmitter in the U.S. and agreed to pay over $500 million in fines and penalties.
The company admitted to facilitating over $5 billion in suspicious transactions and allowing U.S. customers to use its platform despite having a policy against it.
The settlement highlights increasing regulatory scrutiny over cryptocurrency exchanges.
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El intercambio de criptomonedas OKX se declara culpable, acepta pagar más de $500 millones por operar sin licencia.