Malaysian Securities Regulator Approves Crypto Trading Platform

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Malaysian Securities Regulator Approves Crypto Trading Platform

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...

Resource link - https://futuremoneymatters.com/malaysian-securities-regulator-approves-crypto-trading-platform/
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Crypto Trading
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