Höptner led Börse Stuttgart as the firm started offering regulated cryptocurrency trading services inside the European Union, from Germany. The company said it was the European Union's first traditional exchange operator to become a regulated crypto multilateral trading facility.
Following indictments, BitMEX upgrades anti-money laundering compliance
After its three founders were indicted by the U.S. Department of Justice, the exchange announced plans to lead “the industry on best practice crypto-asset compliance.”
The move follows last month’s indictment of now-former BitMEX CEO Arthur Hayes, along with co-founders Benjamin Delo and Samuel Reed (the only one arrested), on charges of violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act by failing to put sufficient anti-money-laundering safeguards in place.
Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop
News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.
Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.
OKEx suspends crypto withdrawals as private key holder co-operates in investigation
Crypto markets were spooked by the middle-of-the-night announcement—with OKEx’s utility token OKB falling more than 15%
Stressing that its customers’ assets remain secure, the company added: “In order to act in the best interests of customers and deliver exceptional long-time customer service, we have decided to suspend digital assets/cryptocurrencies withdrawals … We assure [you] that OKEx’s other functions remain normal and stable.”