OKCoin to Move to European Market

Users can already trade Bitcoin, Ethereum and Bitcoin Cash in pairs with Euro and company had already opened office at Malta
06 June 2019   1023

The Chinese cryptocurrency exchange OKCoin announced its entry into the European market and has already opened spot trading for couples with the euro.

In particular, users can already trade Bitcoin, Ethereum and Bitcoin Cash in pairs with European currency.

It is noteworthy that customers will be able to carry out the input / output of cryptocurrency without commissions until September 4.

Europe is essential to the evolution of the cryptocurrency markets. It is home to many progressive ideas for innovating and disrupting the status quo of the global financial system while maintaining a balanced regulatory approach. We are very pleased to bring digital asset trading to the European market in a secure and reliable manner, enabling users to trade digital assets for euro easily and safely.

Jovan Gavrilovic 

General Manager of Europe, OKCoin

In addition, the exchange announced the opening of a new office in Malta. The company notes that thanks to the favorable regulatory environment in this jurisdiction, OKCoin will be able to quickly and safely list tokens and add new options for EU residents.

In doing so, the Maltese division of the company will be regulated by the local financial services authority.

Authorities to Study Bankrupt QuadrigaCX

Canada Revenue Agency sent a request for access to the tax info from Oct. 1 2015 to Sep. 30, 2018
18 September 2019   43

The Canadian Revenue Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports.

CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

At the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.