Crypto Exchange OKX Gets a Tiny Fine for Playing Outside the Rules 🤭💸

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Oh, what a surprise! The notorious crypto exchange, OKX, has just been slapped with a fine- a whopping 2.25 million euros, or roughly $2.6 million. All thanks to the Dutch National Bank (DNB), who found that OKX was offering crypto services in the Netherlands without the proper paperwork. Tsk tsk! 🙄

According to DNB’s official press release (which they probably sent with a sigh), the company-officially known as Aux Cayes Fintech Co.-was caught red-handed between July 2023 and August 2024. But don’t worry, the fines are just for the “old” days, before the mighty MiCA crypto regulations came into play. Phew! 😅

Now, 😆

OKX, ever the charming rogue, tried to blame it all on “legacy issues” and assured everyone that no one got hurt. They even claimed the fine was “the lowest ever” handed out to a major exchange. How kind of them to make it sound like a gift! And since then, they’ve moved Dutch users to a fully licensed European branch, as if that solves everything. 🙃

But wait, there’s more! The fine wasn’t just a random blip in OKX’s history. Oh no! They’ve been in this messy dance before. Crypto.com was fined 2.85 million euros, and Kraken got a hefty 4 million euro slap for similar shenanigans. Seems like it’s a crypto party in the Netherlands, and the fines are the confetti! 🎉

Oh, and in case you think OKX is just chilling, they’re busy burning tokens. Yes, burning! A casual 279 million OKB tokens, worth over $26 billion. That’s how you “reset” your tokenomics, apparently. Just light them on fire! 🔥 And as if that’s not enough, they’ve now got Apple Pay for their Buy Crypto service. What a time to be alive! 🍏💳

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2025-09-03 14:47