Spanish Authorities to Request Info on Crypto Holders

Requests were sent to 60 organizations - including banks, crypto-exchange platforms and firms specializing in securities trading.
06 April 2018   467

The Spanish Tax Board has requested from local commercial companies and financial organizations names and information about trade transactions of cryptocurrencies purchasers. Thus, the agency hopes to identify and suppress cases of tax evasion and money laundering using digital assets, reports Bloomberg.

According to the source of the publication in the department, requests were sent to 60 organizations - including banks, crypto-exchange platforms and firms specializing in securities trading.

This step was a logical continuation of the work of the National Office for Investigation of Fraud with Bank Accounts, opened abroad, the source said. So, at the moment the authorities of Spain are trying to prevent tax evasion and, in particular, require that Internet companies, including Airbnb Inc., disclose the identities of their clients.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   110

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.