US EditionCrypto Exchange OKX Fined $2.6M in Netherlands for Failing to Register With Dutch National Bank
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16 Articles
The Dutch Central Bank (DNB) has imposed a €2.25 million fine on crypto service provider Aux Cayes Fintech (operating under the name OKX). This…
Dutch Central Bank Fines OKX $2.6M For Operating Without License » News.ng
The Dutch central bank has imposed a $2.6 million (€2.25 million) fine on cryptocurrency exchange OKX for operating in the Netherlands without the required registration. The Dutch National Bank (DNB) said the violation took place between July 2023 and August 2024, just before the EU’s new Markets in Crypto-Assets (MiCA) regulations come into effect. Under Dutch law, which has been in place since 2020, crypto firms must register with the DNB to h…
Cryptocurrency Exchange OKX Faces Penalty Shock! Millions of Dollars in Sanctions in This Country! Here's Why
The post Cryptocurrency Exchange OKX Faces Penalty Shock! Millions of Dollars in Sanctions in This Country! Here’s Why appeared on BitcoinEthereumNews.com. Global cryptocurrency exchange OKX has been fined €2.25 million (approximately $2.6 million) by the Dutch Central Bank (DNB). OKX Fined $2.6 Million in the Netherlands The penalty stemmed from the company offering crypto services without obtaining the required legal registration in the countr…
OKX Fined €2.25M By Dutch Regulator Over Legacy Registration - FinanceFeeds
What Happened With the DNB Fine? OKX, one of the world’s largest cryptocurrency exchanges, has been fined €2.25 million ($2.6M) by the Dutch National Bank (DNB) for offering crypto services in the Netherlands without proper registration. The fine covers the period from July 2023 to August 2024, prior to the rollout of the European Union’s Markets in Crypto-Assets Regulation (MiCA). DNB said OKX operated in breach of anti-money laundering rules (…
The fine refers to a period prior to the introduction of the MiCA regulation into the European Union. OKX said that it complies with current regulations and that the Netherlands remains an important market for exchange. *** The National Bank of the Netherlands fined the exchange of cryptocurrencies OKX. He claimed that the company failed to register with the authority prior to the entry into force of MiCA. OKX said that it complies with current …
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