OPNX, the cryptocurrency exchange founded by Kyle Davies and Su Zhu, has obtained a virtual asset service provider (VASP) license from Lithuania. This license allows OPNX to offer spot crypto exchange services throughout the European Union. The exchange has emphasized its commitment to high standards of compliance and security, implementing a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) system to comply with EU regulations. While OPNX has faced controversy due to its founders’ associations with prior bankruptcies in the cryptocurrency industry, the exchange asserts that it is assisting bankruptcy creditors by enabling them to sell their claims and receive payments more swiftly. OPNX is actively working to acquire additional licenses to broaden its service offerings in specific EU jurisdictions. With a focus on compliance and security, OPNX aims to serve the cryptocurrency community within the EU and expand its services in line with the evolving industry.

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Information	Details
Geography	Europe
Countries	🇱🇹
Sentiment	positive
Relevance Score	1
People	Leslie Lamb, Sudhu Arumugam, Kyle Davies, Mark Lamb, Su Zhu
Companies	Lithuania, CoinFLEX, Three Arrows Capital (3AC), OPNX
Currencies	None
Securities	None