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OKX Fined $2.6M for Operating Unregistered in the Netherlands

Published by
Sohrab Khawas

Crypto exchange OKX was fined $2.6 million by the Dutch National Bank for offering cryptocurrency services in the Netherlands without registering with the regulator. The fine covers the period from July 2023 to August 2024, before new EU regulations came into effect. OKX stated the issue was resolved, with affected users migrated to their licensed European entity. The company emphasized its focus on compliance and secure operations going forward.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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