OKEx's global compliance officer resigns, Wu stated: OKEx has adjusted its U.S. compliance department as the top priority.

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OKX Global Compliance Chief Resigns after Six Months

According to LinkedIn, Patrick Donegan, the Global Chief Compliance Officer and Anti-Money Laundering lead at OKX, has resigned after a brief six-month tenure.

The OKX global compliance team consists of 300 members, and Patrick Donegan joined OKX in August 2023 and left in January 2024.

Prior to this role, Patrick Donegan served as the Chief Compliance Officer and Senior Vice President at Signature Bank for nearly 8 years.

Wu: OKX US Compliance Department Adjusted to "Top Priority"

According to a report from Wu Block Chain, OKX internally has elevated its compliance department in the United States to the highest priority among all departments, with all business activities now centered around this top priority.

The report highlights that the founder of OKX frequently visits the United States. OKX's recent announcement of delisting USDT in Europe has also attracted industry attention.

OKX founder Xu Mingxing previously stated that the platform still maintains the USDT/EUR currency pair primarily to concentrate liquidity and allow users to engage in buying, selling, and exchanging operations on OTC.

He emphasized that OKX continues to strongly support USDT and believes that USDT is a major contributor to the crypto ecosystem.

EU Crypto Regulation MiCA Makes Waves! OKX Delists USDT Trading Pairs in Europe, Circle Takes the Lead?

As a platform we often have to make choices. We need to get our euro pair liquidity in a good place to have a chance of becoming a preferred venue for euro/crypto spot trading. We know this is important for a seamless retail experience. I hope community can understand this… https://t.co/6IpqJe2A5n

— Star (@star_okx) March 27, 2024