OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources
OKX, the second-largest cryptocurrency exchange globally, plans to establish its European hub in Malta to comply with the Markets in Crypto assets (MiCA) regulatory framework. This decision is a shift from OKX's previous announcement in May last year, which identified France as its preferred European Union hub. Companies are seeking registration with one of the EU's 27 nations in preparation for the upcoming MiCA rules, requiring firms to secure a crypto asset service provider (CASP) license with an EU nation to operate across the bloc. OKX is looking to fill several high-profile roles in Malta, including head of compliance, operations lead, and head of internal audit. Earlier this year, OKX settled a 304,000 euros ($329,000) regulatory failing issue with the Maltese financial watchdog.
