Binance Could Come Back to India by Paying $2M Fine: Report
The exchange could return as a FIU-registered firm after paying the fine, the report added.
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OKX
The exchange could return as a FIU-registered firm after paying the fine, the report added.
OKX’s Tim Byun (OKX)
The news about X Layer comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024.
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
OKX President Hong Fang says there is a high demand for crypto in the country.
January saw higher spot trading volume on centralized exchanges amid the approval of spot bitcoin ETFs in the U.S.
OKX says wallet support is coming first, with a marketplace to follow
The exchange said that it will compensate impacted users within 72 hours.
More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange’s listing criteria.