At issue for regulators is whether the Web3 platform is encompassed by MiCA, and if so, what potential penalties to impose on OKX, the people said.
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Bybit Hack Prompts EU Scrutiny of OKX Platform Used by Thieves
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Under MiCA, an exchange that fails to implement effective systems to prevent money laundering or commits other serious violations faces penalties, including the potential revocation of its MiCA license
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