RATE Group | Malaysian Securities Regulator Approves Crypto Trading Platform
85120
post-template-default,single,single-post,postid-85120,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Malaysian Securities Regulator Approves Crypto Trading Platform

04 Apr Malaysian Securities Regulator Approves Crypto Trading Platform

Posted at 13:29h in Cryptocurrency News by

[ad_1]

Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.

With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings.

Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have up to nine month to achieve compliance with the SC’s regulation standards.

Commenting on the development, Hong Qi Yu, CEO and CTO at Tokenize Malaysia, said:

“We are now able to go ‘live’ in Malaysia and it is perfect timing –- as we have received many interested enquiries from individuals aged 24 to 50 years old who are keen to invest in digital assets.”

The SC registered the firm — along with…

[ad_2]

Source link

Tags:
, , , , , ,