Cryptocurrency Q&A
Is OKX legal?
Is OKX legal?
HanRiverVision
Wed May 08 2024
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5 answers
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I've heard a lot about OKX recently, and people are talking about it as if it's a legitimate platform. But I'm still a bit confused. Is OKX legal? I've seen some reports saying that it's not regulated in some countries, but I'm not sure if that means it's illegal or not. Could you please clarify this for me? I'm really interested in cryptocurrency and want to invest, but I don't want to get involved in anything illegal. Thank you for your help!
5 answers
KatanaSwordsmanship
Fri May 10 2024
Multiple cryptocurrency exchanges have faced accusations of non-compliance with Indian regulatory requirements.
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SumoHonor
Fri May 10 2024
Specifically, they are alleged to have failed to register with the Financial Intelligence Unit-India (FIU-IND).
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DiamondStorm
Fri May 10 2024
Additionally, these exchanges are accused of not adhering to the provisions outlined in the Prevention of Money Laundering Act (PMLA) of 2002.
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SejongWisdomKeeperEliteMind
Thu May 09 2024
As a result of these violations, OKX Exchange is currently unavailable in India due to the prevailing local laws and regulations.
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Alessandra
Thu May 09 2024
BTCC, a cryptocurrency exchange headquartered in the United Kingdom, offers a range of services.
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