The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
Thursday, June 8, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
ADVERTISEMENT
Home Exchanges

Securities Commission Malaysia Registers Recognized Market Operators To Establish Digital Asset Exchanges

by Shabnam Dhar
June 5, 2019
in Exchanges
128
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Securities Commission Malaysia (SC) is a statutory body who has made an announcement of registering three recognized market operators (RMOs) to open up digital asset exchanges (DAXs) in Malaysia. The SC hasn’t only registered the RMOs for the opening up of the DAXs, but it has also registered the RMOs for the operation of the DAXs in Malaysia. The RMOs can comply with every regulatory requirement completely within 9 months.

If the SC has not approved a DAX operator, then the operator would have to stop their activities in no time. They even would have to return all monies and assets of investors. If the operator operates a DAX with no authorization from the SC, then the act will be considered as an illegal act under securities laws. The operator may be fined or imprisoned or both.

RelatedPosts

Coinbase: the United States tax authorities (IRS) can access customer data

Uniswap DAO Rejects Proposal to Introduce Protocol Fee

Arbitrum: 4,000 ETH flown on the Jimbos protocol in a hack

SINEGY Technologies (M) Sdn Bhd is one of the three registered digital asset exchanges (DAX) operators. SINEGY Technologies is a fintech company helping in driving digital assets growth. It was set up in the month of June in 2017. Kelvyn Chuah and Wei Chi Chan are the founders of SINEGY Technologies. The main purpose of the fintech company SINEGY Technologies is to develop platforms, tools, and services for cryptocurrencies. .alt+ is a trading solution and service platform launched by the company. It is designed for high net worth individuals which helps them in expanding their portfolio into digital assets, according to CrunchBase.

David Low is the General Manager of Southeast Asia at Luno who said, “We’ve been working closely with regulators and banks to complete the groundwork for the buying, selling and storing of cryptocurrencies and digital assets, which we believe are the future of money. Regulation will ultimately bring clarity and protection to consumers, and will ensure that all cryptocurrency businesses have adequate standards in place to protect investors and their funds,” Cointelegraph reported.

Tokenize Technology (M) Sdn Bhd and Luno Malaysia Sdn Bhd are two more registered digital asset exchanges (DAX) operators, Suruhanjaya Sekuriti Securities Commission Malaysia reported.

Tags: blockchain technologyCrypto newsDigital Asset ExchangesSecurities Commission Malaysia

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Coinbase: the United States tax authorities (IRS) can access customer data
Exchanges

Coinbase: the United States tax authorities (IRS) can access customer data

June 3, 2023
1.9k
Uniswap DAO Rejects Proposal to Introduce Protocol Fee
Exchanges

Uniswap DAO Rejects Proposal to Introduce Protocol Fee

June 2, 2023
1.9k
Arbitrum: 4,000 ETH flown on the Jimbos protocol in a hack
Exchanges

Arbitrum: 4,000 ETH flown on the Jimbos protocol in a hack

May 29, 2023
1.9k
Anti-Bitcoin war in the USA: Gemini confirms its desire for Europe
Exchanges

Anti-Bitcoin war in the USA: Gemini confirms its desire for Europe

May 27, 2023
1.9k
Chaos on Multichain: the Fantom Foundation explains its massive withdrawal
Exchanges

Chaos on Multichain: the Fantom Foundation explains its massive withdrawal

May 26, 2023
1.9k
Europe and crypto regulation: OKX wants to settle in France
Exchanges

Europe and crypto regulation: OKX wants to settle in France

May 23, 2023
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Important Update On The Celsius Network

Important Update On The Celsius Network

June 14, 2022
TCS-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums and Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
OneCoin: the $4 billion Ponzi back in court

OneCoin: the $4 billion Ponzi back in court

0
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
Binance Launches Training Program for Government Agencies

Binance Launches Training Program for Government Agencies

0
NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

0
On the issue of Bitcoin (BTC) supply

On the issue of Bitcoin (BTC) supply

June 8, 2023
Bali wants to crack down on crypto-payments

Bali wants to crack down on crypto-payments

June 7, 2023
Binance under dark clouds

Binance under dark clouds

June 7, 2023
Mercado Bitcoin authorized as a payment institution in Brazil

Mercado Bitcoin authorized as a payment institution in Brazil

June 7, 2023
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version
x
x