🇲🇹 Okcoin Europe Ltd, the European subsidiary of OKX Exchange, has been fined $1.2 million (€1.05 million) by Malta's FIAU for anti-money laundering and compliance failures in 2023.

The company has since taken corrective measures to address the deficiencies flagged in the review.

What do you think the impact of such fines will be on the cryptocurrency industry?