Malta is now becoming very friendly to cryptocurrency. The country recently passed regulation legislation concerning ICOs, Blockchain and cryptocurrencies. The legislation wasgoed meant to make the country more friendly to the crypto market. Malta is merienda again making news after inviting cryptocurrency exchange OKEx to invest ter the country.
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More to OKEx Bince which is worlds thickest exchange is rumoured to be programma to open a fresh office te Malta. This wasgoed after Binance received warning from Japanese financial regulators. The news about OKEx wasgoed tweeted by crypto trader WhalePanda stating that Malta would soon become crowded with cryptocurrency.
Malta has made some positive steps towards ensuring that the country becomes friendly to digital currencies. They actually released a document te February called ‘Malta-The leader ter DLT Regulation.’ More to that they have also proposed an establishment of several regulation-supporting different organizations such spil Malta Digital Innovation Authority Bill and also the Aparente Currencies Bill.
OKEx te their report they have stated that they had actually met the Malta regulators to discuss crypto framework. The exchange is certain that the treatment taken by the Malta government will enable exchanges to grow while still growing the cryptocurrency market.
According to OKEx CEO Chris Lee:
“We are glad to invest te Malta, and wij look forward to working with the Malta government because it is forward thinking and also shares most of our values. The government is making the market better since its protecting traders spil well spil the customers. Wij are going to conform with all the required regulatory procedures by the government including Contra Money Laundering and also know your customer standards. Malta is determined to develop a superb Blockchain ecosystem which is very encouraging.”
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OKEx is determined to proceed growing its market cap. The exchange is presently ranked 2nd with a 24-hour trading volume on CoinMarketCap of around 1.6 billion dollars.