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Tag Archives: okx

Bybit Enters Switzerland’s Crypto Market via Dual Sponsorship amid MiCA Regulation Implementation

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Brazil’s Tax Authority to Call on Foreign Crypto Exchanges for Information 

CoinspeakerBrazil’s Tax Authority to Call on Foreign Crypto Exchanges for Information  Despite the lack of a clear regulatory framework, the government still wants to know how Binance, Coinbase, Kraken, OKX, and other exchanges registered outside of its border conduct their businesses within the country. Brazil’s Tax Authority to Call on Foreign Crypto Exchanges for Information 

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OKX Sees $204M Outflows in 24 Hours After Security Lapses

OKX has experienced significant outflows, with $204 million withdrawn in the past 24 hours and $630 million in the past week, surpassing the outflows of other prominent cryptocurrency exchanges. The surge in withdrawals comes from multiple security controversies that may have undermined user confidence. OKX’s Design Flaw On June 9, two OKX users lost a significant amount of funds in a suspected SIM-swapping attack due to a vulnerability in the exchange’s two-factor...

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OKX Bows Out of Hong Kong, Withdraws VASP License Bid

In compliance with regulatory requirements, OKX said that it would discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. OKX attributed the decision to withdraw its virtual asset service provider (VASP) license application to a “careful consideration” of its business strategy, however, the exchange did not provide further details or specific reasons behind this move. OKX Retreats from Hong Kong In its official blog post...

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