What are the regulations for crypto trading in Malaysia?

3 answers

• May 10, 2022 · 3 years ago
  Crypto trading in Malaysia is regulated by the Securities Commission Malaysia (SC). The SC has implemented guidelines and requirements to ensure the proper functioning and security of the crypto market. Traders are required to register with the SC and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. It is important to note that the SC has warned against unregulated crypto exchanges and initial coin offerings (ICOs), urging investors to exercise caution and only engage with licensed entities.
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• May 10, 2022 · 3 years ago
  When it comes to crypto trading in Malaysia, the regulations are designed to protect investors and prevent illegal activities. The SC has taken a proactive approach in monitoring and regulating the crypto market to ensure transparency and investor confidence. Traders should be aware of the legal requirements and comply with the guidelines set by the SC to avoid any legal issues or penalties. It is recommended to trade on licensed platforms and conduct thorough research before engaging in any crypto transactions.
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• May 10, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi is committed to complying with all relevant regulations and providing a secure and transparent trading environment for users. We adhere to the guidelines set by the Securities Commission Malaysia and prioritize the safety and protection of our users' funds. Traders can trust BYDFi to provide a compliant and reliable platform for their crypto trading activities in Malaysia.
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