OKX has announced an upgrade to its app that will allow Hong Kong users to trade 16 major cryptocurrencies. The app meets the requirements for virtual asset service providers (VASPs) in Hong Kong in terms of security, trading technology and risk controls.
OKX has established its Hong Kong entity in preparation for the new regulatory regime for VASPs which comes into effect in June 2023. OKX has been uplifting its operations and controls for more than a year and is working with Hong Kong authorities to demonstrate how its security, custody, AML and compliance capabilities meet the robust regulatory standards for licensed VASPs.
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