99Bitcoins Exclusive: OKX Debuts In Germany, Poland As Firm’s Nordics General Manager Explores MiCA Consequences

On 17 June 2025, global digital currency exchange OKX unveiled its completely regulated centralized crypto exchange in Germany and Poland. This launch followed OKX obtaining a full Markets in Crypto-Assets (MiCA) license from Malta’s Financial Services Authority (MFSA) on 27 January 2025.

“Today marks a significant milestone for OKX—and for digital currency users throughout Europe,” the firm stated in its press release.

Additionally, the company revealed that Moritz Putzhammer, the General Manager for Central Europe and the Nordics, spearheaded the initiative, along with Gabriel Manduca, who serves as General Manager for Eastern Europe.

During his participation in the Nordics Blockchain Association event on 17 June 2025, Putzhammer addressed the ramifications of the MiCA regulation.

Our very own Moritz @Bizzar0m0 spoke at #nbc2025 among a remarkable group of panelists discussing institutional adoption. He covered everything from BTC strategy to stablecoins, custody, and security.

The change in momentum is evident across the Nordics. pic.twitter.com/tHSc5rZ2kF

— Mikael @ OKX (@mikael_OKX) June 18, 2025

The OKX General Manager for the Nordics believes that MiCA still has considerable work ahead, particularly regarding stablecoins.

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“There are still many issues to be addressed,” Says OKX Nordics GM Moritz Putzhammer While Discussing MiCA Implications

“I’ll give you an example of how MiCA has influenced our approach to stablecoins at OKX,” Putzhammer mentioned. “A top product we offered clients was based on USDC, where they could earn around eight or nine percent. Unfortunately, we had to discontinue that service because there’s a clear stipulation against providing interest on stablecoins—personally, I’m not sure the EU needed to step in to protect customers from earning interest on stablecoins. The reasoning behind it is open to interpretation, but it seems it was aimed at safeguarding traditional interest providers. That’s my take on it, although I can’t confirm it’s accurate. It’s quite unfortunate.”

“There are still many matters that require clarification regarding this aspect,” he continued, “but of course, from a personal standpoint, I, like many others, find stablecoins exciting for their potential, especially given their use as payment methods in both personal and professional transactions.”

“You don’t have to be using the same application as the individual you’re sending or receiving stablecoins from. You simply need to be operating on the same rails, facilitated by interoperability,” Putzhammer explained. “It’s incredibly exciting to transfer money to Australia in just a few seconds.”

When asked about the significant topics for the upcoming year, Putzhammer pointed to Real-World Assets (RWAs) and tokenized bills.

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“This is merely the beginning”

For OKX, this represents more than just geographic growth. “We’re among the first global exchanges prepared to confront the region’s changing regulatory landscape directly,” stated OKX. “We take pride in leading the sector in transparency, with 31 consecutive monthly Proof of Reserves reports, and we possess MiCA licensing in Europe.”

In Germany and Poland, the company provides access to significant available volume, competitive fees, and over 270 cryptocurrencies, featuring more than 60 crypto-Euro pairs, all on platforms that are fully licensed and compliant.

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