Texas issued a consent order against OKX, Inc. (formerly known as OkCoin USA, Inc.) for violations related to money services business licensing. This action underscores the importance of compliance in financial services.
What changed
The order mandates compliance adjustments and involves oversight from the Texas Department of Banking.
Compliance perspective
Companies must ensure they are licensed properly to avoid enforcement actions in Texas's financial services sector.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.