The Security Commission of Malaysia has provided the status of Recognised Market Operators to three digital asset exchanges:
According to the regulator, the exchanges will have up to 9 months to comply with all governmental requirements.
This is a significant step in the global as well as national Malaysian shift to digital assets.
In January 2019, Malaysia included trading with digital assets in its Guidelines on Recognised Markets and amended the Guidelines in May.
You may verify if a digital assets exchange is approved in Malaysia by visiting the regulator’s website on digital exchanges.