Digital Asset Exchange
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
Will complement Digital Asset Exchange & Initial Exchange Offering frameworks Finalised framework will be included as part of Guidelines on Digital Assets
Regulator has not authorised any entity to operate Crypto ATMs Public exposed to various risks, including fraud & money laundering The Securities Commission Malaysia (SC), yesterday, cautioned the public against the usage of Crypto Automatic Teller Machines (Crypto ATMs).
Focus in Malaysia to champion a safe and secure platform as well as user friendly Digital asset industry one of best equipped to handle a pandemic & is business as usual
The other 19 are required to cease operations immediately.
Granted licenses by Labuan FSA as a credit token business, and for money broking, as well as a payment system operator.
A reduction in participants could mean easier regulation and the ability to better cater to demand.