MX Exchange gets nod as Recognised Market Operator-Digital Asset Exchange in Malaysia, appoints Fadzli Shah CEO
Gets nod from Securities Commission Malaysia for cryptocurrencies trading Opportunity to engage new investors & realise fintech innovations in market
Shutdown of Chinese miners means Bitcoin block mining is now 30% easier. 2021 Cambridge uni study pegs Malaysia as 6th ranked country in mining
The UK-based digital asset gateway has received authorisation from the Labuan Financial Services Authority to commence digital asset business operations from the country.
Mastercard’s study found that Asia Pacific consumers are now more open to new payment tech and innovation, though security is still a concern.
The Securities Commission-approved digital assets exchange claims to be experiencing healthy growth both globally and in Malaysia.
Offerings must be ‘innovative’ and ‘meaningful’.
As the first company to be given full approval by the Malaysian Securities Commission, the London-based cryptocurrency exchange is now back to full operations in Malaysia, with added benefits.
The other 19 are required to cease operations immediately.
Crackdown on OneCoin cryptocurrency has resulted in two men in Singapore charged for promoting the MLM.
Granted licenses by Labuan FSA as a credit token business, and for money broking, as well as a payment system operator.