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Tag Archives: okx

Crypto Companies Pour $170M into Premier League Sponsorships

According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for them. Crypto Sponsorships on the Rise Per the report, several top clubs have already signed major crypto deals. For instance, leading...

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Tornado Cash Faces Legal and Regulatory Heat as Its Founder Seeks Funding

Tornado Cash founders face serious legal challenges and regulatory scrutiny. OKX has issued strict instructions to users regarding interacting with Tornado Cash due to regulatory risks. Tornado Cash, a decentralized cryptocurrency mixer known for maintaining asset tracks, is facing increased regulatory scrutiny. U.S. Treasury penalties and legal actions against its inventors have brought attention to the technology, which is frequently used to conceal illegal operations. As the legal battle...

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OKX to Deactivate Accounts Linked to Sanctioned Entities, Including Tornado Cash and Garantex

OKX is all set to deactivate accounts involved with sanctioned entities, including crypto mixer Tornado Cash and Moscow-based crypto exchange Garantex. On August 9th, OKX CEO Star Xu highlighted the platform’s strict adherence to compliance with international sanctions and clarified that such users will not be able to open accounts on the platform. OKX Enforces Strict Compliance For those who have already opened accounts, any transactions involving deposits from or...

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