• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Malaysia regulator registers three digital asset exchanges

June 7, 2019 By Crypto Reporter

The Securities Commission Malaysia (SC) has registered three Recognised Market Operators (RMOs) who can now launch digital asset exchanges (DAX).  

The regulator said the three are Luno Malaysia Sdn Bhd, SINEGY Technologies (M) Sdn Bhd, Tokenize Technology (M) Sdn Bhd, and that they have been given up to nine months to fully comply with all regulatory requirements.

“We’ve been working closely with regulators and banks to complete the groundwork for the buying, selling and storing of cryptocurrencies and digital assets, which we believe are the future of money. Regulation will ultimately bring clarity and protection to consumers, and will ensure that all cryptocurrency businesses have adequate standards in place to protect investors and their funds,” said David Low, Luno General Manager of Southeast Asia.

The SC got its mandate to regulate the cryptocurrency industry in January when the cryptocurrency and digital tokens law went into effect. The legislation essentially put it into the same category as securities.

Malaysia requires all cryptocurrencies and digital assets to be approved by the SC before it can be traded on any exchanges. DAX operators who have not been approved by the SC are required to cease all activities immediately and return all monies and assets collected from investors.

More news:

  • Dutch regulator issues a warning against Binance
    Dutch regulator issues a warning against Binance
    August 20, 2021
  • Turkey makes progress with digital lira
    Turkey makes progress with digital lira
    December 30, 2022
  • U.S. second-oldest State Street bank to focus on digital finance 
    U.S. second-oldest State Street bank to focus on digital finance 
    June 23, 2021
  • El Salvador passes a digital assets law paving the way for bitcoin bonds
    El Salvador passes a digital assets law paving the way for bitcoin bonds
    January 14, 2023
  • Foreign visitors to China will be able to use the digital yuan without a local bank account
    Foreign visitors to China will be able to use the digital yuan without a local bank account
    July 26, 2021
  • China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
    China to give out $6.2 million in digital yuan to Beijing residents in continuous trial
    June 9, 2021

Filed Under: General News, News Tagged With: cryptocurrency, Malaysia, news, regulations

Primary Sidebar

Follow Us

Press Releases

Banxa and MetaMask Partner to Make it Easier to Access Web3

February 7, 2023

Orbeon Protocol (ORBN) vs Fantom (FTM): Which Will Offer Better Returns?

February 7, 2023

Orbeon Protocol (ORBN) Continues Upward Trend, While Filecoin (FIL) and Zcash (ZEC) Struggle

February 7, 2023

CoinDCX appoints former Flipkart exec Sridhar Govardhan as CISO

February 7, 2023

Public proof-of-concept testnet for new interoperable sidechain toolkit on Cardano now live

February 7, 2023

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter