The MiCA Act stipulates that if encrypted asset services are provided completely in a decentralized manner without any intermediaries, they do not fall within the regulatory scope of this regulation. Although OKX Web3 wallet is a decentralized user self managed wallet, the wallet service page is integrated with OKX exchange. According to Bloomberg's report, the usage agreement of OKX Web3 wallet clearly states that OKX's Singapore entity is the operator. Once OKX DEX is identified as falling within the regulatory scope of MiCA, the aggregation proxy service of OKX Web3 wallet is currently being exploited by North Korean hackers for coin mixing and washing. According to Article 64, point 7 of the MiCA Act, if a cryptocurrency service provider fails to establish an effective system for detecting and preventing anti money laundering and terrorist financing, the competent authority will revoke its MiCA license authorization. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=39639