Malaysia Unveils New Regulations for Crypto Exchanges to Enhance Competitiveness

Malaysia Unveils New Regulations for Crypto Exchanges to Enhance Competitiveness

The Malaysian regulatory authority is inviting public input on its suggested reforms to the nation's cryptocurrency exchange framework. This initiative aims to bolster market competitiveness while enhancing investor protection.

In related news, the Bank of Korea has paused its Central Bank Digital Currency (CBDC) project as lawmakers concentrate on regulating stablecoins.

On Monday, the Securities Commission of Malaysia (SC) released a consultation paper to gather feedback on these proposed changes, highlighting its commitment to fostering a safer and more dynamic crypto trading environment.

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