Japanese company OKEx to begin operating Malta

Second biggest company in the blockchain sector to operate in Malta

OKEx Technology Company Limited based in Japan plans to expand its operations in Malta, the government said in a statement. This was announced by the company following numerous meetings with the government. OKEx manifested its confidence that Malta will serve as a base for the expansion of the company, the statement said.

Chris Lee, CEO of OKEx, said: “We look forward to work with Malta’s government as it is forward-thinking and shares many of our values, the most important of which are the protection of traders, the general public, compliance with Anti-Money Laundering and Know Your Customer Standards, and the recognition of the innovation and the importance of continuous development in the blockchain ecosystem.”

The firm is a leading digital asset exchange that offers users worldwide robust digital-asset-only exchange and currently offers token-to token and futures-like trading.

The Japan-based company is looking forward to joining the blockchain community in Malta through its participation in the Delta Summit to be held in October 2018.

Tim Byun, Chief Risk Officer, insists that Malta is a strong strategic partner, in an industry dominated by new emergent technology.

Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri said that the OKEx announcement is a certificate of trust in Malta. “The fact that Malta is at the forefront in launching a regulatory framework that regulates this sector by means of setting up an authority, in itself has attracted the interest of global companies such as Binance and OKEx”, added Silvio Schembri.

“This is just the start. Other companies will soon establish their operations in Malta”, commented Silvio Schembri.

The company is the second biggest in this sector. This announcement comes on the heels of the news regarding Binance’s arrival in Malta; Binance is the biggest company in the sector.

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