Cryptocurrency Q&A
What is the problem with OKX exchange?
What is the problem with OKX exchange?
TimeRippleOcean
Wed May 08 2024
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6 answers
809
Could you elaborate on the issues surrounding the OKX exchange? I've heard some murmurings about it but haven't quite grasped the full extent of the problems. Is it a matter of security breaches? Or are there concerns about its trading practices? Maybe it's something to do with its customer service? I'm quite interested in understanding the specific challenges this platform is facing, as I've been considering using it for my cryptocurrency trading. Could you please provide some clarity on this matter? It would greatly assist me in making an informed decision.
6 answers
KatanaGlory
Fri May 10 2024
OKX Exchange has been accused of certain regulatory infractions in India.
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Valentino
Fri May 10 2024
Specifically, it is currently unavailable in the country due to non-compliance with local laws and regulations.
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BlockchainBaron
Fri May 10 2024
This includes failing to register with the Financial Intelligence Unit-India (FIU-IND) as required.
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Federica
Thu May 09 2024
Additionally, OKX Exchange has been criticized for not adhering to the provisions outlined in the Prevention of Money Laundering Act (PMLA) of 2002.
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DigitalTreasureHunter
Thu May 09 2024
Meanwhile, BTCC is a UK-based cryptocurrency exchange offering a range of services.
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