Malaysia sets out regulation for digital assets

Malaysia's securities regulator has introduced a new framework for operators of electronic trading platforms for digital assets such as cryptocurrencies and security tokens, including requiring them to have a minimum paid-up capital of 5m ringgit ($1.22m). Under the revised guidelines, any person who is interested in operating a digital asset platform is required to apply to the Securities Commission Malaysia (SC) to be registered as a recognized market operator. Operators that are publ...