Cryptocurrency exchange OKX has announced that it has obtained pre-authorization under the European Markets in Crypto-Assets (MiCA) regulation. Granted by the Malta Financial Services Authority (MFSA), this decision positions OKX as a key player in the adoption of new European regulations.
A strategic pre-authorization in a demanding regulatory framework for OKX
Yesterday, the cryptocurrency exchange OKX announced that it has obtained pre-authorization under the European Markets in Crypto-Assets (MiCA) regulation. This decision, granted by theMalta Financial Services Authority (MFSA)places OKX on the path to full compliance with the European regulatory framework, allowing the company to deploy its services across the entire European Economic Area (EEA).
The MiCA regulation, which entered into full application on December 30, 2024, aims to unify the rules governing digital assets in the European Union, while strengthening consumer protection and ensuring market transparency. Through this pre-authorization, OKX wishes to play a central role in this new era of regulationusing Malta – nicknamed “Blockchain Island” – as a base for its European activities.
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According to Erald Ghoos, Managing Director of OKX Europe, the choice of Malta for this establishment stems from the robustness of its regulatory framework with regard to cryptos.
The MFSA is recognized for its strict standards and expertise in the field of digital assets. Thanks to this Maltese base, we will be able to offer our customers a compliant, accessible and secure platform.
Once your full license has been obtained, OKX will be able to operate in all 30 EEA member countries without requiring additional approval in each jurisdiction. A unique framework, praised by Hong Fang, the president of the crypto exchange:
Europe sets a global standard in regulating digital assets, striking a balance between consumer protection and encouraging innovation. This pre-authorization illustrates our commitment to supporting this development.
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An extensive range of services
OKX plans to offer a full range of services once fully licensed, including:
- THE spot trading for direct exchanges of cryptocurrencies;
- THE OTC trading (over the counter);
- Tools of automated trading via bots;
- An offer including more than 240 cryptocurrencies And 260 trading pairsincluding 60 denominated in euros.
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The platform also promises a localized user experience, including multilingual customer support and Euro transactions facilitated by fee-free deposit and withdrawal options via bank transfer.
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Source: Press release
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