(VIANEWS) – Okcoin, a San Francisco based cryptocurrency exchange, will be able to fulfill their promise to create a more inclusive financial future by making it easy for European customers to access cryptocurrency.
Okcoin will receive a Class 4-license from the Malta Financial Services Authority. This license allows for cryptocurrency trading and more widely available wallet crypto services. The registration of Okcoin with the Dutch Central Bank allows for greater bank partnerships as well as integrations via payment rail across Europe.
Okcoin will adhere to best practices compliance and maintain ethical standards in order to increase connections between the banking and financial system as well as the growing crypto community. The licenses enable Okcoin to service customers across Europe as a regulated exchange, opening the door to partnerships with local banks and payments providers to further facilitate easy transactions in these markets, simplify the Euro-to-cryptocurrency transmission, and minimize regulation risks.
Since 2018, Okcoin provides crypto-tocrypto trading services to customers in the Netherlands. Okcoin was registered as a cryptocurrency service provider with the Dutch Central Bank in May 2020.
News about Bitcoin
New IRA product allows for tax-free Bitcoin mining. According to Bloomberg Quint on Thursday, 29 July, “IRA provider Choice and Bitcoin mining and hosting firm Compass Mining announced that they’re offering an IRA that will allow miners to produce the cryptocurrency in a tax advantaged account.”, “The two companies are teaming up to allow clients to buy Bitcoin mining machines through an IRA.”
Bitcoin gains ground on institutional adoption – 29 July 2021. According to DailyForex on Thursday, 29 July, “Previously, Tesla had stopped receiving payments in Bitcoin, claiming that there were concerns regarding the environmental impact of Bitcoin mining. “, “Since the beginning of the week, Bitcoin has gained 13.66% against the US dollar, gaining ground for the second consecutive week after gaining 7.24% in the previous week.”