Malaysia Grants Approval to Three Cryptocurrency Exchange Platforms16

Interest in the cryptocurrency market may yet increase in Malaysia as the government has okayed the operations of three cryptocurrency exchange platforms. The country becomes the latest in the Southeast Asian theater to enact policies beneficial to the emerging industry following the likes of Thailand and Singapore.

Malaysia’s securities watchdog, the Securities Commission (SC) temporarily gave three cryptocurrency exchanges the go-ahead to operate in the country in June 2018, per The Malaysian Reserve. The exchanges include Sinergy Technologies, Tokenize Technology, and Luno Malaysia.

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