Crypto Exchange OKX was fined at $ 2.6 million in the Netherlands for failing to register at the Dutch Bank of National

The global trading company for Cryptocurrency OKX 2.25 million euros has been fined ($ 2.6 million) By the National Dutch Bank (DNB) To provide encryption services in the Netherlands without registering with the financial authority.

The fine is related to the company, and its official name is Aux Cayes Fintech Co. , In the period from July 2023 to August 2024, before the entry of European markets into the assets of encryption (Mika)According to a press statement.

The Netherlands began to demand encryption companies to register with DNB in ​​early 2020, which makes digital assets in line with the country’s money laundering rules (WWFT). The bank punished many encryption exchanges for similar deficiencies, including Crypto.com, which was A fines 2.85 million eurosAnd Kraken, who had to pay 4 million euros.

“This fine is related to an old registration issue that has been treated long ago, without any effect on customers,” said OKX. The fine “is the slightest fine issued by DNB against a large exchange and was reduced in appreciation of the steps we have taken, including the deportation of Dutch users to our entirely licensed European entity. We are happy to solve this issue and continue to focus on building services available and safe throughout Europe.”