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).
Offerings must be ‘innovative’ and ‘meaningful’.
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.
Any person who is interested in operating a digital asset platform is required to apply to the SC to be registered as a recognised market operator.
SC to regulate offering and trading of digital assets.
Regulations are being put in place to bring digital assets within the remit of securities laws.