Malaysian Securities Regulator Approves Crypto Trading Platform

With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. At the time, Luno stated that the aforementioned three exchanges were the only registered digital asset exchanges to operate in Malaysia.

The regulation classifies digital currencies, tokens, and crypto-assets as securities, placing them under the Securities Commission’s authority. A pending bill may still inhibit cryptocurrencies from flourishing in India, with India’s parliament yet to rule on the "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill" from 2019.

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