Malaysia’s securities commission has begun registering cryptocurrency exchanges after it started regulating the crypto space earlier this year. The first three crypto trading platform operators have been conditionally approved and given nine months to comply with registration requirements. Meanwhile, 19 crypto exchanges have been told to cease operations.
First 3 Registrants
The Securities Commission Malaysia (SC) announced Tuesday that it has registered three Recognized Market Operators (RMOs) to establish and operate digital asset exchanges (DAX) in the country. Malaysia started regulating its crypto industry in January, requiring anyone interested in operating a crypto exchange to register as an RMO with the commission. According to the announcement: