OKEx Korea to Delist Anonymous Coins Due to FATF

Monero, ZCash, DASH, Horizen and Super Bitcoin won't be supported starting from 10th of October
16 September 2019   306

The Korean division of the OKEx cryptocurrency exchange has announced the delisting of five anonymous coins, as they violate FATF standards.

On October 10, the site will stop supporting Monero, ZCash, DASH, Horizen and Super Bitcoin.

Recall that the FATF obliged the bitcoin exchange and other cryptocurrency service providers (VASPs) to follow AML and CFT procedures similar to traditional financial companies.

VASPs must exchange the personal data of participants in transactions and information about the balance of their wallets.

OKEx Korea emphasized that anonymous cryptocurrencies will not allow the exchange to comply with these rules.

OKEx & Malta Stock Exchange to Join Forces

OKMSX trading platform developerment took a year and it will be launched bt the end of 2019
21 October 2019   163

The OKEx cryptocurrency exchange and the Maltese stock exchange expect to receive permission from the Malta Financial Services Authority to launch a joint platform for the exchange of digital assets OKMSX before the end of the fourth quarter, CoinGape writes.

According to the publication, the development of OKMSX was carried out throughout the year and is now approaching the final stage. It is expected that a full launch of the trading platform will take place in the first quarter of 2020.

This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We are excited as it is finally happening in 2020.

Andy Cheung

Head of operations, OKEx

In its activities, OKMSX uses the central depository of the Malta Stock Exchange and the Ethereum blockchain, which will issue security tokens, as well as create hot and cold wallets for storing them.