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Malta Welcomes Crypto Exchange Okex

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Okex, is a Chinese based cryptocurrency exchange in Hong kong and has announced today of its expansion in to the European island nation of Malta.

The Chinese based cryptocurrency exchange was welcomed by Maltas Prime Minister, Joseph Muscat, who commented:

“We welcome Okex, a world-leading digital exchange, to our growing blockchain ecosystem. Malta is fast becoming the jurisdiction of choice for Distributed Ledger Technology companies in the European Union and globally.”

OKEx CEO, Chris Lee, said:

“We look 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 and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.”

Malta is gradually becoming the new home of crypto firms with an environment where the government is not only open to their business but actively seeking it as well.

See Also: Police arrested Two for running an illegal Crypto mining in Orenburg

According to reports, Okex management laid a very good foundation before making this move into the European island. Okex management was able to meet with members of the Maltese government and regulatory leaders. This allowed them to understand the country’s legislative and regulatory plans, provide written feedback and engage in open dialogue, they explained.

Do you think other European government will ever follow suit? Share your thoughts with us below. 

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