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The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.In a June 15 notice, OKX said amid the regulator’s licensing approval, the exchange planned to increase
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UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff OKX, the second-largest crypto exchange by trading volume and a leading
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“For OKX, we have always blocked U.S. customers and so we are not active in the U.S.,” Byun said. “We will make a decision about the U.S., when and if to enter that market, in an appropriate and compliant manner. But we think that outside of the U.S. there are
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The letter was sent on April 18 to OPNX's Kyle Davies and Su Zhu, who are also the founders of 3AC, after two cease-and-desist orders for marketing the exchange to residents of Dubai and the United Arab Emirates were issued by the regulator in February and March. Source
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