Overview
- The Dutch National Bank imposed a €2.25 million penalty for OKX offering services in the Netherlands from July 2023 to August 2024 without registration, a period before MiCA took effect.
- The action targets Aux Cayes Fintech Co., OKX’s official legal entity, under Dutch anti-money-laundering rules that have required registration since 2020.
- OKX said there was no customer impact and described the matter as resolved, adding that the fine was reduced after steps including migrating Dutch clients to its MiCA-licensed European platform.
- DNB has pursued similar cases against other major exchanges, including fines of €4 million for Kraken and €2.85 million for Crypto.com.
- OKX’s regulatory history includes a €1.1 million AML-related fine in Malta in April 2025 and a $504 million U.S. settlement that places the firm under oversight until 2027.