What are the regulations for bitcoin trading in Malaysia?

3 answers

• Dec 19, 2021 · 3 years ago
  Bitcoin trading in Malaysia is regulated by the Securities Commission Malaysia (SC). Individuals and businesses that want to engage in bitcoin trading need to comply with the guidelines set by the SC. These guidelines include obtaining the necessary licenses and registrations, conducting due diligence on customers, implementing anti-money laundering measures, and ensuring the security of customer funds. It's important to stay updated with the latest regulations to avoid any legal issues.
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• Dec 19, 2021 · 3 years ago
  When it comes to bitcoin trading in Malaysia, the regulations aim to protect investors and prevent illegal activities. The Securities Commission Malaysia has implemented measures to ensure that bitcoin exchanges and trading platforms operate in a transparent and secure manner. These regulations help to build trust in the industry and provide a safer environment for individuals and businesses to participate in bitcoin trading.
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• Dec 19, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi is committed to complying with all applicable regulations in Malaysia. We work closely with regulatory authorities to ensure that our platform operates in accordance with the law. BYDFi implements robust security measures to protect customer funds and follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. Our goal is to provide a safe and reliable platform for individuals and businesses to trade bitcoin in Malaysia.
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