Malta, an EU member state is actively supporting the blockchain industry by providing technical infrastructure and initiating supportive regulatory. The Malta Innovation Authority is another technical initiative taken by the Maltese government to provide legal certainty for the use of blockchain technology and cryptocurrencies. As a result of which the OKEx team has got in touch with the Maltese Government and its leaders to understand their regulatory plans for their new development.
OKEx will be playing a major role in developing the Blockchain community of Malta. In October 2018, they will also be participating in DLT Delta Conference which is sponsored by the Government of Malta.
This news comes after CZ, Binance CEO announced their shift to Malta.
Chris Lee, CEO of OKEx, stated that:
“We are looking forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering (AML) and Know Your Customer (KYC) standards, and recognition of the innovation and importance of development in the Blockchain ecosystem.”
Tim Byun, Chief Risk Officer of OKEx states:
“Malta’s Virtual Financial Asset Act is a solid foundation for the industry and the government to work together in fostering the nascent blockchain/digital asset industry. More specifically, Malta’s sound risk-based approach will help cultivate a responsible, compliant, and healthy ecosystem.”
Recently, OKEx has also introduced new token pairs on its platform.
Following are the new pairs:
The new pairs will give the customers more leverage to optimize their trading strategy. OKEx serves millions of customers by providing over 400 tokens and trading pairs, wherein they grant higher profit potential to its users.
A cryptocurrency enthusiast says:
“Way to go Malta. Upping your game. Respect due to Blockchain island #malta”
An altcoin investor replied to OKEx’s tweet:
“massively, the scammers move where there are no regulations for protect users “
Another reply to OKEx’s tweet:
“I met Joseph Muscat last year and every speech he gave was Blockchain centric and he followed through the same. Congrats.”
The post Another exchange platform to expand to Malta, the developing blockchain community appeared first on AMBCrypto.
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