Malaysia Regulator Approves International Crypto Exchange Luno

The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers.

Also Read: Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

Malaysia Approves Digital Asset Exchanges

Luno, the London-headquartered company formerly known as Bitx, has announced on Tuesday that it has been given approval by the Malaysia Securities Commission to operate as a recognized market operator in the Southeast Asian country. Luno is one of only three initial companies that the Malaysian regulator allowed to register when it began the process in June. Luno has now been found by the regulator to have satisfied all the required conditions for approval.

“We’ve been working closely with regulators and banks from day one and we’re now excited to be able to provide…