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KUALA LUMPUR, Oct 23 -- The Securities Commission Malaysia (SC) has given full approval to Luno’s application to operate as a recognised market operator (Digital Asset Exchange).
Luno is the first cryptocurrency exchange in Malaysia to receive this approval.
In a statement, the SC confirmed that Luno has satisfied all the required conditions and can now offer Malaysians the opportunity to safely buy, sell and store cryptocurrency on its platform.
Southeast Asia general manager David Low said it was a significant achievement and showed the importance of digital assets today and the long-term value of cryptocurrency.
“We want to help educate Malaysians on how to safely buy, sell and store bitcoin and ethereum, using an exchange approved and regulated by the SC,” he said.
Luno is a leading global cryptocurrency company on a mission to upgrade the world to a better financial system.
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