On Tuesday, OKX based on Seychels announced that it was restoring the American version of its cry and submitted a new wallet for US storage users as well as trade cryptocurrencies. The company also named Roshan Robert, a long -time employee BarAs its US CEO and found that he would find his US regional headquarters in San Khase, California.
“Not only is this rebranding. The whole technological interface has changed,” said Robert, who recently was Crypto Prime Broker Hidden Road, which was purchased Ripple for $ 1.25 billion in April.
Updated OKX’s emphasis on the US goes for settlement The International Exchange Organization in February reached the Ministry of Justice. The prosecutor’s office claimed that OKX was unable to implement the proper money laundering process and demanded US clients, although his international person was not registered in the States. As part of the OKX agreement, he paid a fine of $ 500 million, pleaded guilty to one of the articles of the unlicensed business that reports the business, and agreed to pay for the external counselor for the fulfillment of February 2027.
“For more than seven years, OKX has deliberately violated the laws against money laundering and avoided the implementation of the necessary policy to prevent criminals in abuse of our financial system,” Matthew Podolsky said, acting as a US prosecutor in the South District, in a statement of settlement.
“There were no accusations of the client’s damage, no charges against any company employee and no government is appointed monitors Message in the blog.
The US restoration in the US also takes place among the more favorable regulatory conditions for Cryptus under President Donald Trump. Robert, US CEO, said he plans to increase his presence in the United States, preceded Trump’s second term. He started talking to Krypto -exchange in the summer of 2024 and was officially attracted in September. “We have been preparing our conformity infrastructure, our risk management infrastructure over the last year and so,” he added.
Given this, Robert welcomes the less aggressive approach of Trump administration to cry. “Naping the rules will take some time, but there is a way we see,” he said.
As Robert reigns a new, restored OKX US, it faces fierce competition by executives Base And Kraken. However, he believes that the market in the US is not zero and believes that the appetite of young generations to risky crystals will grow pie. “The entire digital asset market is expanding the universe,” he said.
Gang Fang, the OKX World President, previously led the US entity OKX, which had previously been named Okcoin.
Originally this story was presented on Fortune.com
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2025-04-16 01:13:00
Ben Weiss
