Another Technical Initiative Taken by the Government of Malta in Support of Cryptocurrency Exchange OKEx
Malta, the EU Member State which recently passed regulatory legislation concerning Blockchain, cryptocurrencies, and Initial Coin Offerings (ICO), has now attracted its second major cryptocurrency exchange, with OKEx declaring in a company statement that it has “decided to make Malta a foundation for further OKEx growth”.
OKEx is one of the largest exchanges in the world, with a routine trade of $1 billion. It is originally from China but it is now internationally based, with offices in Belize and Hong Kong.
The reason for OKEx to now land in Malta is because Malta has been making an effort to be an attractive jurisdiction for cryptocurrency companies. In October 2018, they will also be participating in DLT Delta Conference which is sponsored by the Government of Malta.
Chris Lee, CEO of OKEx, stated,
“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.”
OKEx has also introduced new token pairs on its platform, which are :
These pairs will enable customers to optimize their trading strategy.
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