Malaysia Becomes the Next Country to Approve Cryptocurrency Exchange Amid Covid-19 Crisis

Malaysia’s Securities Commission has given full approval to a cryptocurrency exchange operator to legally operate in the country despite the nationwide lockdown due to the coronavirus pandemic. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Suruhanjaya Sekuriti Malaysia, the Securities Commission Malaysia (SC), has approved a cryptocurrency exchange despite the current coronavirus pandemic crisis the country is facing.

During the lockdown, crypto exchange operator Tokenize Malaysia received full approval from the Securities Commission Malaysia to operate a digital asset exchange (DAX), several local media reported Friday. Referring to the covid-19 pandemic, Tokenize Malaysia CEO Hong Qi Yu was quoted by Malaysian national news agency Bernama as saying: On Suruhanjaya Sekuriti Malaysia’s website, the regulator explained that it has registered three recognized market operators (RMOs) to establish and operate cryptocurrency exchanges in Malaysia.

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