OKX, one of many largest crypto exchanges by quantity and a number one web3 platform, as we speak introduced its registration as a Digital Asset Enterprise in The Bahamas underneath the newly adopted Digital Belongings and Registered Exchanges (DARE) Act.
The corporate has additionally shaped a brand new subsidiary, OKX Bahamas, for which it appointed Dr. Jillian Bethel, a Bahamian native and blockchain business luminary, as CEO. With plans to function a regional hub, OKX Bahamas has opened a Nassau-based workplace and plans to fill 100 job openings domestically.
OKX Bahamas will cater to Latin America and the Caribbean’s rising inhabitants of cryptocurrency traders and merchants.
“OKX is thrilled about our enlargement into The Bahamas underneath the modern DARE Act. We’re prioritizing progress in regulated markets as a result of we need to allow accountable crypto exercise globally. By working with forward-looking authorities just like the Securities Fee of The Bahamas, we will create protected and sustainable environments for crypto to exist.”
– Tim Byun, International Authorities Relations Officer, OKX
OKX chosen The Bahamas as a strategic progress location due to the efficient regulatory framework created by the Securities Fee of The Bahamas. Already generally known as a prestigious worldwide enterprise and monetary middle, The Bahamas is rising as a world chief in digital property by means of its progressive laws and regulatory constructions.
“The DARE Act has made The Bahamas a pioneer in digital asset adoption, and I’m proud to guide the OKX Bahamas crew in championing crypto. As a gateway to the Caribbean and the broader Americas, The Bahamas is opening new doorways for native expertise and international companies to thrive right here with forward-looking coverage.”
– Dr. Jillian Bethel, OKX Bahamas CEO
This registration in The Bahamas comes on the heels of OKX receiving a provisional Digital Belongings Regulatory Authority (VARA) license in Dubai, the place it has additionally opened a regional hub to serve certified traders inside the UAE and surrounding nations.