By Staff Writer
Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from the local securities regulator.
hange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3.
Malaysian laws require that local crypto exchanges register with the SC, after which they have up to 9 months to accomplish compliance with the SC’s regulation standards.
Speaking about receiving the license, Hong Qi Yu, CEO and CTO at Tokenize Malaysia, said: “We are now able to go ‘live’ in Malaysia and it is perfect timing –- as we have received many interested enquiries from individuals aged 24 to 50 years old who are keen to invest in digital assets.”