Malaysia finally announced only 3 crypto exchanges which can operate legally

in dtube •  3 months ago  (edited)

This was the news we were all waiting for ! Finally Security Commisions has finally made it official as to which crypto - fiat exchanges can legally operate in Malaysia.

Only 3 named exchanges has been announce and all other exchanges has been given the order to cease all activities. The 3 approved ones are :-

  1. LUNO Malaysia
  2. Sinegy Technologies - they are also on steem @sinegy
  3. Tokenize Exchange

Congrats to these guys as I know they have worked very hard to get all the compliance documentation out.

Its really great news for Malaysia and we look forward in more growth in the crypto space and hope that more businesses takes advantage of this.

Once again .. i would love to wish all my Muslim friends

Selamat Hari Raya

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That’s good news for Malaysia and for crypto adoption in general.

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oh .. its a huge win for the blockchain space here in Malaysia

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Does that ban include all foreign exchanges, coinbase etc ?

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coinbase does not trade MYR so basically ur KYC is regulated to where they are based.

AHH ok, so this about only the exchanges with fiat to crypto gateways?

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I saw this news too. Out of the three i only heard of Luno and that also thanks to you introducing it last time. its quite user friendly.

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yes it is ... now to get them to get the steem wallets there so we can all use it to convert direct to MYR conversion would be even more user friendly 👍

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a big win for Malaysians

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Thanks for this update @bitrocker2020


Cheers buddy

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