Crypto Exchange OKX Sets Up Shop in Paris, Seeks Regulatory Approval
- Exchange is the latest crypto firm to pick France as a hub
- Macron’s government has been welcoming of crypto firms
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Crypto exchange OKX has applied for regulatory approval in France and plans to build out its European hub in Paris, making it the latest overseas crypto firm to pick the French capital as its base on the continent.
The platform is seeking to register as a digital asset service provider (DASP) with France’s Autorité des Marchés Financiers, it said in a statement on Tuesday. To secure a registration, companies planning to operate a trading platform or custody cryptoassets in the country must meet certain anti-money laundering standards and provide information on any significant shareholders, among other criteria.