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We have submitted an application to Securities Commission for the Recognised Market Operator license and to Bank Negara Malaysia for the inclusion into Fintech Sandbox.
While waiting for the license update, as per regulation, all the transactions including token distribution will be temporary halted until further instructions and clearance from the Securities Commission.
We are expecting an update on the license status between end of March and mid April.
For more information regarding this recent release of Capital Markets and Services (Prescription of securities) (Digital Currency and Digital Token) ORDER 2019, please click here.
For the Media Statement on Implementation of Digital Assets Prescription Order – Media Releases and Announcements, please visit here.