The exchange's customer service reports that this decision is consistent with the phased entry into force of the EU Markets in Crypto-Assets Act (MiCA), which will be finalized by December 30, 2024.
The OKX administration made this decision on its own initiative. According to the statement, it reflects the cryptocurrency platform's commitment to compliance with local and international financial regulations.
OKX clarified that trading pairs with Tether ceased to be available to traders from the European Union on March 14, despite the fact that in a message dated March 15 on website OKX announced the availability of USDT pairs.
Earlier, the OKX exchange, registered in the Seychelles, announced the termination of servicing clients from Uzbekistan. Users must withdraw their funds before March 30th.
Source: Bits
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