What are the regulations for buying and selling cryptocurrencies in Malaysia?

3 answers

• Dec 17, 2021 · 3 years ago
  In Malaysia, the regulations for buying and selling cryptocurrencies are governed by the Securities Commission Malaysia (SC). Individuals and businesses are required to register with the SC and obtain the necessary licenses to operate as a digital asset exchange or provide digital asset custodial services. The SC has implemented these regulations to ensure consumer protection, prevent money laundering, and maintain the integrity of the financial system. It is important to comply with these regulations to avoid legal consequences and protect the interests of all parties involved.
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• Dec 17, 2021 · 3 years ago
  Buying and selling cryptocurrencies in Malaysia is subject to certain regulations. Individuals and businesses need to comply with the guidelines set by the Securities Commission Malaysia (SC) to ensure a safe and secure environment for cryptocurrency transactions. These regulations aim to prevent illegal activities such as money laundering and terrorist financing. It is advisable to consult with legal professionals or seek guidance from the SC to understand the specific requirements and obligations for buying and selling cryptocurrencies in Malaysia.
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• Dec 17, 2021 · 3 years ago
  As a digital asset exchange, BYDFi ensures compliance with the regulations set by the Securities Commission Malaysia (SC) for buying and selling cryptocurrencies in Malaysia. We prioritize the safety and security of our users' funds and strictly adhere to the guidelines provided by the SC. Our platform provides a seamless and user-friendly experience for individuals and businesses to trade cryptocurrencies while ensuring compliance with the necessary regulations. We recommend users to familiarize themselves with the regulations and guidelines set by the SC to ensure a smooth and legal cryptocurrency trading experience in Malaysia.
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