October 1, 2022

Malaysian SEC first approves cryptocurrency exchange

Malaysian SEC first approves cryptocurrency exchange

After receiving approval from the Malaysian Securities Commission, the Luno crypto exchange resumed trading digital assets in the country.

According to representatives of the trading platform, it became the first cryptocurrency exchange to receive such approval from the Malaysian regulator.

We are witnessing a revolution in globalfinancial services, accompanied by the adoption and use of cryptocurrencies. Regulators like the Securities Commission, here in Malaysia, who work with new digital assets and blockchain technologies, are showing real leadership in this sector, ”said Marcus Swanepoel, Luno’s chief executive at the first launch.

The launch of Luno falls on 2015. However, due to pressure in the region from regulators and banks, the trading platform had to move the office to London. The exchange also provides services in Europe and Africa.

Meanwhile, Luno also plans to resume operations in Singapore and has already opened corporate bank accounts in the state.

Malaysia has always been ahead regardingintroduction of cryptocurrency, therefore, knows about the importance of digital assets in the modern world economy. Working with clients, we strive to ensure that they can safely buy, sell and store Bitcoin and Ethereum, as well as other digital assets that will be approved in the future, ”Swanepoel added.