Hong Kong–based cryptocurrency exchange OKEx has announced plans to set up operations in Malta. With another major Hong Kong-based exchange, Binance, also announcing plans last month to move to the small island nation, Malta is rapidly establishing itself as a cryptocurrency hub. The announcement comes just days after Malta’s government approved legislation that will allow for bitcoin and other digital currencies to be traded on its domestic exchanges.
Hong Kong–based cryptocurrency exchange OKEx has announced plans to set up operations in Malta. With another major Hong Kong-based exchange, Binance, also announcing plans last month to move to the small island nation, Malta is rapidly establishing itself as a cryptocurrency hub. To this end, it is setting up the Malta Digital Innovation Authority, designed to create a regulatory framework for blockchain technology.