Crypto Exchange Luno gets green light from Malaysian regulator

The Securities Commission (SC) of Malaysia has given London-based cryptocurrency exchange Luno its approval to operate as a recognised market operator (digital asset exchange). It added that it can now offer Malaysian users the opportunity to safely buy, sell and store cryptocurrency on its platform.

It has been a long journey for Luno, from its entry into the Malaysian market in 2015, to becoming the largest digital asset exchange in 2017, and now being regulated by the SC, Luno’s general manager of Southeast Asia, David Low said, according to news reports. This is a significant achievement and shows the importance of digital assets today and the long-term value of cryptocurrency.

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