Malaysian regulatory bodies have provided details regarding their intentions to regulate digital asset trading so as to protect investor interests and promote fair and orderly trading. The statement issued by the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) defines digital assets as digital currencies and digital tokens.

“SC will regulate issuances of digital assets via initial coin offerings (ICO) and the trading of digital assets at digital asset exchanges in Malaysia. Regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection,” the regulators said.

Under the rules, cryptocurrency exchanges …

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