According to the Malaymail report, cryptocurrency exchange Luno has “relaunched” in the country after receiving the green light from the regulators. The Securities Commission of Malaysia approved the exchange to operate as a Recognized Market Operator.
“We are seeing a revolution in global financial services.”
The CEO of the crypto exchange, Marcus Swanepoel, said that we are seeing a revolution in global financial services with the adoption and use of cryptocurrencies, but this is not going to be an overnight change. Regulators like the Securities Commission, here in Malaysia, who work with new digital assets and blockchain technology, are showing real leadership in the sector, he added.
Luno is the first exchange to receive approval.
The CEO of the Malaysian Digital Economy Corporation, Surina Shukri, congratulated the team behind Luno for getting regulatory approval. Shukri added that this is an opportunity to be one of the early pioneers in a space that is “growing very fast.”
CEO of crypto exchange Luno believes that regulators play an important role in the success of cryptocurrencies in general. The CEO also said that Malaysia has always been at the forefront of cryptocurrency adoption and knows the importance of digital assets in today’s global economy.