Regulation (7)

Written by Erald Ghoos, Europe CEO, OKX I have some incredible news for OKX - we’re the first global exchange to secure a MiCA (Markets in Crypto-Assets Regulation) license! This means that we’re set to roll out fully regulated crypto products and services, such as our OKX Exchange, our self-custody Wallet, and the rest of our core services to over 400 million people across Europe, through our European Economic Area (EEA) hub in Malta. The announcement is a major milestone for OKX, a win for crypto in Europe, and a testament to the growth and mass adoption of the industry at scale.

We announced today that OKX is the first Virtual Financial Assets (VFA) exchange to secure a Markets in Crypto-Assets Regulation (MiCA) pre-authorization. Upon receipt of a full MiCA license, we will offer localized crypto services to over 400 million Europeans through its European Economic Area (EEA) hub based in Malta.

Among the many controls and processes put in place to protect consumers and clients of professional services vendors, the service organization control (SOC) report stands as one of the most important.

By OKX Europe GM-Designate Erald Ghoos I am proud to announce we've officially chosen Malta as our Markets in Crypto-Assets (MiCA) hub. This will allow us to offer our products and services to over 450 million EU residents in the coming months, bringing a new alternative to people in the region to access crypto markets. This pursuit begins with EU licensing (through MiCA) which will enable us to offer our services to customers in a compliant way, while also providing easy deposit and withdrawal connectivity to local bank accounts.

2023 has already shown itself to be a big year for regulation in crypto, and we’ve not even reached the halfway point. As more nations roll out a regulatory framework for crypto assets, our industry c

Groundbreaking regulation for crypto April 2023 brought a turning point for the global crypto industry, with the EU's Markets in Cryptoassets (MiCA) Regulation. The new directives will govern cryptocurrency companies and the services they provide to users across all European Union states. MiCA became the first and only legislation of its kind in the world, and other nations are close to introducing crypto regulation of their own.

The conversation around crypto regulation is louder than ever in 2023, but the global picture is still evolving. Important steps forward have been made, including Europe’s [Markets in Cryptoassets (Mi