Malaysia Introduces Regulations for Bitcoin Exchanges64.8

Regulators in Malaysia have released an amended set of rules for businesses engaged in trading Bitcoin and other cryptocurrencies. This move comes as part of the government’s efforts to regulate the industry with laws for initial coin offerings (ICOs) expected later in the year.

Malaysia’s Securities Commission (SC) on Thursday (January 31, 2019) announced amendments to its Guidelines on Recognized Markets, introducing regulations for cryptocurrency exchange platforms. The country’s financial regulatory watchdog said that platforms looking to operate in the country have until March 1, 2019 to register with the SC.

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