OKCoin will begin to provide services to residents of 20 States in the U.S.

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Chinese cryptocurrency exchange OKCoin is now available to users from 20 States, who will be able to use her service in the format of “token-token”, said Vice President of marketing Jim Nguyen (Jim Nguyen).

According to the statement, OKCoin can enjoy living in Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, new Jersey, Tennessee, Texas, Utah and Wisconsin.

“In order for the cryptocurrency market can fully realize its potential, the exchange should work with existing and new regulators in the conversion of digital currency, digital goods or securities, – said General Director of the American division OKCoin Tim Buyn (Tim Buyn). Our team worked hard over the complexity of the regulatory framework of US as we strive to overcome barriers to create a truly global market for digital assets subject to long-established rules”.

According to him, expanding its presence in the market, OKCoin has cooperated closely with regulators in every state to fully comply with Federal and state laws.

The company has applied for a license in the field of money transfer in the format “token-token” and renewing “Fiat-token”. After obtaining these licenses OKCoin is committed to providing services to residents of other States.

Earlier it became known about detention of the head of OKCoin star Xu because of the incident with the traders.

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