Okex crypto exchange enters the Maltese market

On Thursday Okex (Hong Kong cryptocurrency exchange) announced that it plans to expand and open its branch in Malta. Also in the end of March, the world's largest cryptocurrency exchange Binance announced its intention to open an office in Malta.

Currently, a license for operations with cryptocurrency and tokens in Malta is not required unless you convert them to traditional currencies and work only with tokens and cryptocurrency. In addition, to create a business in Malta, it is not necessary to be physically in the territory of island. The costs of incorporating and maintaining a business are relatively low and tax administration is convenient and straightforward.

Unlike other jurisdictions, Malta is one of the few that offers a legal environment in which further development in the field of blockchain and cryptocurrencies is possible.

On materials of the following website: https://news.bitcoin.com/malta-succeeds-in-attracting-another-cryptocurrency-exchange-okex/