The Dutch central bank fined OKX €2.25 million for operating without registration, though the exchange has since resolved the issue by migrating users to a MiCA-licensed European entity.
OKX has been fined €2.25 million ($2.6 million) by the Dutch central bank for providing crypto services without registration between July 2023 and August 2024. The exchange clarified that Dutch customers have been migrated to its fully MiCA-licensed European entity, ensuring compliance. OKX noted that the fine was the lowest possible level for a major exchange and was further reduced due to corrective measures. The company confirmed no customer impact and emphasized its continued commitment to regulatory compliance in Europe and beyond.