Malaysia's Security Commission registers 3 crypto exchanges

posted 12 months ago
Malaysia’s Securities Commission registered 3 cryptocurrency exchanges, Luno Malaysia, Sinegy Technologies and Tokenize Technology. The aforementioned three exchanges are the only registered digital asset exchanges to operate in Malaysia. Crypto exchanges are required by law to register with the SC, and the recently-approved exchanges will have up to nine months to achieve compliance with the SC’s regulation standards.

Luno General Manager of Southeast Asia David Low said “We’ve been working closely with regulators and banks to complete the groundwork for the buying, selling and storing of cryptocurrencies and digital assets, which we believe are the future of money. Regulation will ultimately bring clarity and protection to consumers, and will ensure that all cryptocurrency businesses have adequate standards in place to protect investors and their funds.”
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