OKX launches the Us Crypto Exchange Law just after two months of settlement of $ 505 million – Tradingview News

SEYHELLES -based OKX launched a central coding law in the United States, less than two months after stabilizing with the Ministry of Justice by paying $ 504 million previously to work in the country without permission. I have now created a regional headquarters in San Jose, California.

The new CEO of the United States

The stock exchange was also appointed by Roshan Robert as CEO of its American operations. Robert has been a manager in Barclays about eight years ago and later became a partner and CCO and CCO group on Hidden Road Crypto Prime, where he was working for more than four years. Recently, Ripple has received the Hidden Road Road for $ 1.25 billion.

Besides the central Exchangness, OKX launched an encryption wallet for its American users.

“Over the past eight months, I have worked alongside some of the most talented people and dedication to the digital assets manufacturing while we were building OKX US.” “This is more than just launching a product-it is the beginning of a new chapter for the company, as we bring our global platform and the ecosystem of the Web3 to the largest financial market in the world.”

From illegal to legal

As Financemagnats.com previously mentioned, OKX previously acknowledged that he is guilty of providing services to customers residing in the United States without obtaining a money -sender license and paid more than $ 504 million in the settlement, of which $ 84 million was a punishment. The remaining amount reflects the fees that the stock market has acquired from its customers in the United States.

According to the Ministry of Justice in the United States, OKX has dismantled US agents since at least 2017, despite the existence of an official policy aimed at “preventing the United States from dealing with its exchange.” The platform served retailers and institutions in the United States from 2018 to early 2024, as it exceeded a trillion dollars of encryption transactions.

Restarting comes at a time when the United States is also heading towards eliminating restrictions in the cryptocurrency sector. The Securities and Stock Exchange Committee (SEC) has dropped many lawsuits and investigations into encryption companies. The next organizer, Paul Atkins, is seen as more suitable for encryption and is said to have about 6 million dollars of investments while exposure to encryption.

“Our entry into America is more than just a market expansion – it is a commitment to responsible growth.” “With the development of regulations, OKX works closely with organizers and American policy makers to ensure our work with transparency and compliance.”