TechFlow news — On November 3, OKX, a leading global cryptocurrency exchange, announced it has been approved by the Bahamas Securities Commission under the Digital Assets Registered Exchanges Act (the "DARE Act") to officially register its digital asset business in The Bahamas. It also announced the establishment of its subsidiary, OKX Bahamas, and the opening of a regional hub in Nassau, appointing Dr. Jillian Bethel, a prominent Bahamian figure in the blockchain industry, as Chief Executive Officer. The launch of OKX Bahamas marks a new milestone in OKX's expansion into regulated global markets.
Dr. Jillian Bethel said: "I am proud to lead the OKX Bahamas team. The Bahamas is using forward-thinking policies to open new doors for local talent and global businesses, positioning itself as a pioneer in digital asset adoption."
Notably, prior to receiving approval in The Bahamas, OKX recently obtained a provisional license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling it to serve qualified investors in the UAE and neighboring countries.
