OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules

OKX, the world's second-largest cryptocurrency exchange, plans to make the Mediterranean island of Malta its European hub and base for compliance with the newly arrived Markets in Crypto assets (MiCA) regulatory framework, according to two people familiar with the matter. It's a change of tack for OKX, which said in May of last year that France would be its preferred European Union hub. Companies have been looking to get registered with one of the European Union's 27 nations to get ready for upcoming MiCA rules. Malta, which is home to many gaming companies and some investment firms, has embraced crypto in recent years.

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