Crypto exchange OKX relaunches in U.S. two months after settling with DOJ for $500 million
Seychelles-based OKX announced on Tuesday that it restarts the US version of its crypto exchange and introduced a new wallet for American users, as well as trading cryptocuration. The company also called Roshan Robert, a long-term employee Barclays:As his executive director and we discovered that it would find that the US Regional Headquarters in San Jose, California.
“It’s only Rebran. The whole technological interface has changed, “Robert said recently in Crypto Prime Brroke Hidden Road Road obtained In April for $ 1.25 billion.
The new OKX focus is on the US settlement In February, the International Exchange Organization reached the Department of Justice. Prosecutors claimed that the OCC could not implement relevant anti-lodging processes and mediated to US customers, although the international organization was not registered in the states. As part of the agreement, OKX paid a fine of $ 500 million, it was guilty of the launch of a unlicensed money transfer and agreed to pay for the external compliance advisor until February 20, 2027.
“For more than seven years, OKX consciously violated the laws of laundering the lavish and avoided implementing the required policies to abuse our financial system.
“There were no accusations of customer damage, no charges have been a member of any government, who have not been assigned a monitor as part of the settlement,” Oks said. Blog postA number
The US reopening of the exchange comes with President Donald Trump for a more favorable environment for Crypto. US General Director Robert said that OKX plans forecast the second Trump’s term. He began to talk to a cryptic exchange in the summer of 2024 and was officially brought in September. “We prepared our compliance infrastructure, our risk management infrastructure for the previous year and half,” he added.
This is stated that Robert welcomes the lack of a less aggressive approach to the Trump’s administration. “The argument will take some time, but there is a path we can see,” he said.
How Robert manages new, restart US Occks, he faces the current competition Coin And shoot. However, he believes that the market in the United States is not zero money and believes that the appetite of young generations for risky crypto bets will increase. “The whole digital asset market is a space expanding space,” he said.
Hong Fang, the World OKX President, used to control the OKX’s US entity, which was previously named Oko.
This story was originally shown Fortune.com
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