MiCA-licensed OKX has significantly improved compliance in the past 18 months, but the Maltese regulator said it could not ignore its past failures.
Update (April 4, 1:45 pm UTC: This article has been updated to add a comment from an OKX spokesperson.
Cryptocurrency exchange OKX is under regulatory scrutiny in Europe after Maltese authorities issued a fine for violations of Anti-Money Laundering (AML) laws in the past.
Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based arm — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in 2023, the authority announced on April 3.
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