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9:50 13.04.2018
Neironix
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The OKEx exchange transfers their business to Malta

One more large cryptocurrency exchange is going to take their business to "the Island of Blockchain".

The OKEx exchange transfers their business to Malta

The Hong Kong's exchange OKEx that is among the biggest in terms of volume of trading platforms announced this Thursday that it will open new office on Malta which will become "foundations for future growth of the company".

"The law on virtual financial assets of Malta is a reliable industry's base,and working hand in hand with Government will be designed to encourage the industry of digital assets and Blockchain. The approach of Malta which is based on risk assessment will help to create responsible, meeting standards and healthy ecosystem", - Tim Byyun, the head of risk assessment and the relations with the Governments of OKEx has said.

"We wait for that moment when we will be able to get to work with the Government of Malta as it different by progressiveness and shares common principles and values with us, most important things for us are protection of traders and the public, under the Anti-Money Laundering Act and to standards of clients' identification, recognition of innovations and importance of continued advancement of an ecosystem of a blockchain", - the CEO of OKEx Chris Li has added.

Now OKEx is located in Hong Kong which regulators, until recently were strongly favoured to cryptocurrencies, however recently have tightened requirements of the stock exchange and ICO.

Malta, on the other hand, actively involves the cryptocurrency companies. In March large cryptocurrency exchange Binance announced its intention to transfer their trade platform to the jurisdiction of the Malta , after being forced to close office in Japan.

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