Luno Malaysia Sdn Bhd ("Luno") has
officially become the first Registered Market Operator
("RMO") that is fully approved by the
Securities Commission Malaysia ("SC") to
establish and operate digital asset exchanges
("DAX") in the country. This means
Malaysians now have a reliable platform to buy, sell and trade
cryptocurrencies such as Bitcoin and Ethereum.
Prior to this, in June 2019, following the coming into force of
the Capital Markets and Services (Prescription of Securities)
(Digital Currency and Digital Token) Order 2019 on 15 January 2019,
and the issuance of the revised Guidelines on Recognised Markets
("Guidelines") on 31 January 2019 that introduced new
requirements for DAX operators, three RMOs were given conditional
approval by the SC to establish and operate DAX in Malaysia. The
three RMOs were Luno Malaysia Sdn Bhd, SINEGY Technologies (M) Sdn
Bhd and Tokenize Technology (M) Sdn Bhd. Alongside the conditional
approvals, these RMOs had nine months to
