OKX Faces €2.25 Million Fine from Dutch Regulators for Operating Unregistered in the Netherlands

The Dutch central bank has levied a significant penalty of €2.25 million against crypto exchange OKX, stemming from its operation within the country without proper registration under its anti-money laundering (AML) framework. This action highlights a broader enforcement strategy by European authorities targeting exchanges operating in legal gray areas. OKX’s history includes similar penalties in the US and Europe for non-compliance, underscoring a global shift towards heightened regulatory scrutiny of crypto firms.