Okcoin Secures Crypto Licenses in Malta and the Netherlands
Okcoin has secured new financial connections and acquired licenses to expand its footprint in Europe. Okcoin Secures Licenses In Malta And Netherlands Okcoin announced on July 28 that it had received “In Principle” permission from the Malta Financial Services Authority and formal registration from the Netherlands Central Bank in a press release. Okcoin will become […]
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CEO Hong Fang said Okcoin was focused on Europe as part of the firm's global growth plans. Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured "in principle" approval for a virtual financial assets license from the Malta Financial Services Authority. In addition, the exchange has obtained a money transmitter license for the U.S. territory of Puerto Rico. The....
The Hong Kong-based crypto firm received preliminary approval from the Malta Financial Services Authority (MFSA) for two financial licenses.
The MFSA is finally issuing the first licenses formed under the crypto laws introduced in 2018. Cryptocurrency exchange and debit card provider Crypto.com has scored major regulatory approvals from the Maltese government.According to a Nov. 24 announcement, the Malta Financial Services Authority, or MFSA, has granted Crypto.com two financial licenses: a Financial Institution License and a Class 3 Virtual Financial Assets, or VFA, License.The Financial Institution License officially enables Crypto.com to provide payment services and issue electronic money. A Class 3 VFA License allows....
“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi. Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users.In a Wednesday announcement, Hodlnaut said the partnership would allow its users and those on Okcoin to purchase cryptocurrencies and earn rewards on their holdings. The lending platform said Singapore-based users already use Okcoin as a fiat on-ramp solution to go from the....
The commissioner for voluntary organizations in Malta has warned that he may take legal action against a charity foundation run by cryptocurrency firm Binance for failing to file accounts on multiple occasions. Binance Faces Legal Issues In Malta According to the Times of Malta, the foundation is being sued by the Malta Community Chest Fund, […]