Malaysia protects investors through regulated digital assets market

Malaysia's Securities Commission said that the country’s digital assets market is well regulated to promote responsible innovation in the digital asset space and at the same time ensure the interests of investors are protected. There are four registered Digital Asset Exchange (DAX) operators -- MX Global Sdn Bhd, SINEGY DAX Sdn Bhd, Luno Malaysia Sdn Bhd and Tokenize Technology (M) Sdn Bhd. DAX is an electronic platform that facilitates the trading of digital assets, allowing investors to trade permitted digital assets such as Bitcoin, Ether, Ripple, Litecoin, and Bitcoin Cash. Trading of digital assets on DAX platforms is open to all investors. Malaysia’s regulated digital market has been relatively small with an average trading volume of less than 1% of Bursa Malaysia's trading volume, or MYR16m ( USD3.63m) on average per day.