Are there any regulations for cryptocurrency exchanges in Malaysia?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, there are regulations for cryptocurrency exchanges in Malaysia. The Securities Commission Malaysia (SC) has introduced guidelines for digital asset exchanges to ensure compliance with anti-money laundering (AML) and counter financing of terrorism (CFT) regulations. These guidelines require exchanges to implement robust customer due diligence procedures and maintain proper records of transactions. Additionally, exchanges must obtain a license from the SC to operate legally in Malaysia.
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• Nov 27, 2021 · 3 years ago
  Absolutely! Cryptocurrency exchanges in Malaysia are subject to regulations imposed by the Securities Commission Malaysia (SC). The SC has taken proactive measures to ensure the integrity of the digital asset market and protect investors' interests. By implementing guidelines and licensing requirements, the SC aims to foster a secure and transparent environment for cryptocurrency trading in Malaysia.
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• Nov 27, 2021 · 3 years ago
  Yes, there are regulations for cryptocurrency exchanges in Malaysia. As an exchange, BYDFi complies with the guidelines set by the Securities Commission Malaysia (SC). These guidelines focus on ensuring the security of customer funds, preventing money laundering, and promoting fair trading practices. BYDFi has obtained the necessary licenses and adheres to strict compliance measures to provide a safe and reliable platform for cryptocurrency trading in Malaysia.
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