In the broadcast of “Voice of China” sounded the message that the exchange OKEx violates the laws, offering the opportunity to trade cryptocurrencies citizens of the PRC. It is reported by CoinDesk, citing the website of China national radio (CNR).
The authors of the broadcast claim that OKEx offers unregulated futures bitcoin with the ability to use leverage, which increases not only the potential profit, but risk. They also stated that OKEx de facto controls the company, based in Beijing. In this case registration in Belize and the location of the team in Hong Kong have only a nominal value. According to them, these jurisdictions were chosen to bypass regulation by the PRC authorities.
In the radio broadcast there was also the assertion that technical support OKEx provides exchange based in Beijing team once the largest platform OKCoin. At the same time, residents of China actually has the ability to buy and sell cryptocurrency using the capabilities (OTC, over the counter) trade.
Note that according to Coinmarketcap, the cryptocurrency exchange OKEx is the world’s second daily trading volume, second only to Binance.
ForkLog previously reported about the exchange’s plans OKEx to open an office in Malta. Also recall that in early April the launch of cryptocurrency platform OKCoin Korea.