What are the requirements for a crypto exchange to operate legally in Malaysia?

3 answers

• Dec 17, 2021 · 3 years ago
  To operate legally in Malaysia, a crypto exchange needs to obtain a license from the Securities Commission Malaysia (SC). The SC has established guidelines and regulations for digital asset exchanges, which include requirements related to capital, security measures, customer protection, and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. It is important for crypto exchanges to comply with these regulations to ensure the safety and security of their users' funds and to maintain the integrity of the financial system in Malaysia.
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• Dec 17, 2021 · 3 years ago
  Operating a crypto exchange legally in Malaysia requires obtaining a license from the Securities Commission Malaysia. The licensing process involves submitting an application, meeting the necessary capital requirements, implementing robust security measures, and demonstrating compliance with AML and CTF regulations. By obtaining a license, crypto exchanges can operate with confidence and provide a secure and regulated platform for users to trade digital assets in Malaysia.
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• Dec 17, 2021 · 3 years ago
  To operate legally in Malaysia, a crypto exchange must adhere to the guidelines set by the Securities Commission Malaysia. These guidelines cover various aspects such as capital requirements, security measures, customer protection, and compliance with AML and CTF laws. It is crucial for crypto exchanges to prioritize the safety and security of their users' funds and ensure compliance with regulatory requirements to maintain the trust of the Malaysian authorities and users.
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