February 8, 2025

Malaysian SEC first approves cryptocurrency exchange

Malaysian SEC first approves cryptocurrency exchange

After receiving approval from the Securities Commission of Malaysia, crypto exchange Luno has resumed tradingdigital 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 acceptance and use of cryptocurrencies. Regulators like the Securities Commission here in Malaysia who are working with new digital assets and blockchain technologies are showing real leadership in this sector, – Marcus Swanepoel, chief executive of Luno, said at the first launch.

Luno launches in 2015.However, due to pressure in the region from regulators and banks, the trading platform had to move its 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 in terms ofimplementation of cryptocurrency, therefore knows the importance of digital assets in the modern global economy. We work with clients 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, – added Swanepoel.