What are the latest regulations for cryptocurrency exchanges in Malaysia?

3 answers

• Nov 26, 2021 · 3 years ago
  As of now, cryptocurrency exchanges in Malaysia are regulated under the Securities Commission Malaysia (SC). The SC has introduced a framework that requires these exchanges to register with the commission and comply with certain obligations. This includes conducting customer due diligence, implementing anti-money laundering measures, and ensuring the security of customer assets. The regulations aim to protect investors and maintain the integrity of the cryptocurrency market in Malaysia.
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• Nov 26, 2021 · 3 years ago
  The latest regulations for cryptocurrency exchanges in Malaysia focus on enhancing transparency and investor protection. Exchanges are required to maintain proper records of transactions, report suspicious activities, and implement robust security measures to safeguard customer funds. These regulations are in line with global efforts to combat money laundering and terrorist financing. By adhering to these regulations, cryptocurrency exchanges can build trust and confidence among investors, which is crucial for the growth of the industry.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, operates in compliance with the latest regulations set by the Securities Commission Malaysia. We prioritize the security and privacy of our users' assets and strictly adhere to the regulatory requirements. Our platform offers a seamless trading experience while ensuring full compliance with the applicable laws and regulations. We are committed to providing a safe and transparent environment for cryptocurrency trading in Malaysia.
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