M'sian regulators likely to enforce licensing for cryptocurrency exchanges


Shinhan Bank is in the process of selecting a company to test a bitcoin vault and wallet platforms. Subject to the regulator

PETALING JAYA: Malaysian regulators are looking to clamp down on initial coin offerings or ICOs by expanding the definition of “securities” in existing laws, according to industry sources.

The regulator is also likely to require some form of licensing for cryptocurrency exchanges to operate on Malaysian shores.

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Business , cryptocurrency , ico , exchanges , regulators , bitcoins , Luno ,

   

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