What are the regulations for crypto exchanges in Malaysia?

3 answers

• Dec 19, 2021 · 3 years ago
  Certainly! Cryptocurrency exchanges in Malaysia are regulated by the Securities Commission Malaysia (SC). The SC has implemented guidelines and requirements to ensure the proper functioning and security of these exchanges. These regulations cover areas such as customer due diligence, anti-money laundering measures, cybersecurity, and capital requirements. It is important for exchanges to comply with these regulations to maintain a safe and transparent environment for users.
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• Dec 19, 2021 · 3 years ago
  The regulations for crypto exchanges in Malaysia aim to protect investors and prevent illegal activities such as money laundering and terrorist financing. The Securities Commission Malaysia (SC) has set up a comprehensive framework that includes licensing requirements, operational standards, and ongoing supervision. This ensures that exchanges operate in a fair and transparent manner, with adequate safeguards for customer funds and data security.
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• Dec 19, 2021 · 3 years ago
  As a third-party observer, BYDFi acknowledges that the regulations for crypto exchanges in Malaysia are designed to promote investor protection and maintain the integrity of the financial system. The Securities Commission Malaysia (SC) plays a crucial role in overseeing the compliance of these exchanges. By enforcing these regulations, the SC aims to foster trust and confidence in the cryptocurrency market, ultimately benefiting both investors and the industry as a whole.
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