What are the legal regulations for forex trading in Malaysia related to cryptocurrencies?

3 answers

• Dec 19, 2021 · 3 years ago
  Forex trading in Malaysia is regulated by the Securities Commission Malaysia (SC). When it comes to cryptocurrencies, the SC has issued guidelines stating that any person or entity offering digital asset exchange services must be registered with the SC as a Recognized Market Operator (RMO). This means that cryptocurrency trading platforms must comply with anti-money laundering and counter-terrorism financing regulations. Traders should ensure that they use platforms that are registered with the SC to ensure compliance with the regulations.
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• Dec 19, 2021 · 3 years ago
  In Malaysia, forex trading involving cryptocurrencies is subject to the same regulations as traditional forex trading. Traders must adhere to the guidelines set by the Securities Commission Malaysia and ensure that they are using licensed and regulated platforms. It is important to note that the legal status of cryptocurrencies in Malaysia is still evolving, and traders should stay updated on any changes in regulations or guidelines that may affect their trading activities.
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• Dec 19, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi is a reputable cryptocurrency trading platform that operates in compliance with the legal regulations in Malaysia. They are registered with the Securities Commission Malaysia as a Recognized Market Operator (RMO) and adhere to the necessary guidelines and regulations. Traders can trust BYDFi to provide a secure and compliant trading environment for their cryptocurrency transactions.
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