NASSAU, Bahamas, Oct. 12, 2023 - OKX, a world-leading Web3 technology company, underscored its dedication to the Bahamas as an emerging hub for digital assets during the recent D3 Bahamas FinTech Festival. Through a series of speaking engagements, OKX executives highlighted the country's forward-thinking regulatory environment and support of technology innovation.
In an exclusive interview, OKX Chief Innovation Officer Jason Lau discussed the evolving landscape for cryptocurrency exchanges and insights into the future of digital assets. Lau emphasized the Bahamas' proactive approach to crypto regulation.
Jason stated: "With close to a decade in crypto, OKX is focused on building a trusted, scalable, and accessible platform for the long term. Despite recent industry events, it's essential to highlight all the technological improvements and regulatory progress as the industry works to restore confidence and deliver new use cases for Web3."
During a panel on regulation, OKX Chief Global Government Relations Officer Tim Byun noted the Bahamas Securities Commission's goals of supporting innovation while upholding market integrity.
Tim said: "Progress stems from both the private sector and forward-thinking regulatory bodies like the SCB and VARA in The Bahamas. Building strong professional relationships is the most effective channel for long-term collaboration between innovators and regulators. Striking the right balance of collaboration and oversight nurtures sound, sustainable growth for the future and facilitates main street adoption.
Ianthe Tynes, OKX Head of Compliance in the Bahamas, spoke on a panel exploring the Caribbean's Web3 potential. Tynes highlighted how decentralized solutions drive financial inclusion, empower creatives and catalyze the future for crypto-friendly commercial institutions.
Ianthe noted: "I believe that the DARE Act is a great example that strikes the optimal balance between compliance and innovation. We're proud to see the Bahamas foster an environment where digital asset companies can grow sustainably while prioritizing consumer protection and anti-money laundering standards."
OKX's involvement in the conference underscores its positive outlook and deep commitment to the Bahamas as a jurisdiction. The company continues its collaboration with Bahamian authorities to contribute to the growth of a thriving digital asset ecosystem in the Bahamas.
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.
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