Malaysia approves crypto exchange registration

[Berryvery394]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

[boyptc]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

Malaysia and US has different point of view against exchanges and they have different regulations as well.

As for the news this is the source --> https://news.bitcoin.com/malaysia-approving-crypto-exchange-registrations/

[jseverson]

Approval of trading platforms doesn't necessarily equate to improving regulations. That just means that the approved entities were compliant. The US should likewise approve any platforms that are fully compliant with their regulations.

Either way, different territories have different laws, and I don't think the size of the two countries have anything to do with it. The better question would be "why is the US clamping down so hard", and that I have no answers for lol.

[dothebeats]

Either way, different territories have different laws, and I don't think the size of the two countries have anything to do with it. The better question would be "why is the US clamping down so hard", and that I have no answers for lol.

The US knows that it can bully anyone by trying to wave their dicks in front of other countries by coming down hard by means of regulations or by imposing ridiculous and unfair trade bans against other countries that might benefit a lot from them. They are fighting a losing battle when it comes to business interests since people who are affected by said sanctions could just take their business elsewhere wherein they can feel welcome anytime and expand their business without having to worry about strict regulations.

As for the exchange in Malaysia, it's about time that they also appear and expand knowing that the crypto scene in SEA is ever-growing, and this should be the start of something fruitful for the cryptomarket especially for the people of Malaysia.

[leea-1334]

So according to you,,, a big country should just go ahead and let 250 million people go do what they like,,, while a small country should not let so many people on to crypto?

Here is the big news for you. If you use Bitcoin you do not need the permission of anyone not even your country to go and use Bitcoin. It is free for all to use. This is the whole point in fact!

[bvyvjdidn]

I am glad that the norms are being established which the exchange or project must comply with so that they can openly offer their services to users. Of course, many people see this as an attempt by the state to limit the possibilities of decentralized projects. But this is done only in order to protect the rights of these same persons. There are too many scammers in the crypto exchange, so it’s better to see who follows strict rules and who does not want to make an effort to secure their users.

[jushfln]

I am glad that the norms are being established which the exchange or project must comply with so that they can openly offer their services to users. Of course, many people see this as an attempt by the state to limit the possibilities of decentralized projects. But this is done only in order to protect the rights of these same persons. There are too many scammers in the crypto exchange, so it’s better to see who follows strict rules and who does not want to make an effort to secure their users.

Unfortunately, even if the number of scammers among cryptocurrency exchanges decrease after the introduction of standards and licenses, this will not greatly affect the number of dissatisfied investors. Cryptocurrency investing begins to attract more and more new users who do not understand the basic features of the stock exchange, cryptocurrency, investment features. I spent the time to study the training materials on the taklimakan platform and I see how much I was not ready to trade before. If more people will not ignore the training stage, then there will be less failures.

I agree with you. Without a detailed understanding of the characteristics of different types of exchanges, and how to trade, you can not count on profit. Of course there are good times when lucky beginners. But like the classic stock trading, cryptocurrency trading also obeys financial laws without the knowledge of which you just waste your money

[borrorofju]

Southeast Asia is now the leading market for new startups, and of course a large number of exchanges are constantly opening there. Regulation of cryptocurrency is a necessity for the market.

[bitbunnny]

Seems that Asian countries are more and more supportive towards cryptocurrencies. This is probably one of ways they try to be competitive with Europe and America, especially in the field of new technologies and that is good news for crypto world. Positive regulation could only bring progress and further development of cryptocurrencies so this is an example to follow.

[Strongkored]

One of the things that is advantageous if there is an exchange that has been allowed to operate in a country is that there is legal protection from every transaction.
Why is it that large countries have not been able to receive it? Maybe there are many things that should be considered well when there is an exchange given permission to operate in the country will not harm the state and the community, especially crypto users.

[MonsterV]

Yes, it seems that Malaysia is starting to try new luck in crypto, this developing country does not want to be left behind by other developed countries. In my opinion it is legitimate if a government allows an exchange as long as the exchange complies with central bank regulations as happened in my country.

For reasons why the US banned crypto, I think this is due to the impact of trade wars. Many US countries avoid taxes through crypto, in my opinion this is also a reason because the US state itself is famous for its many taxes.

[kaya11]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

That is awesome, malaysian are somewhat welcoming new technologies in their country and crypto,even at the early stage of development is open to be traded in the country. The prime minister is a brilliant and intelligent man and I know that approving the exchanges would benefit the economy.

[Lily_Olive]

I am  glad to read it...well malaysia  and US  has different  technologies..
South Asia  is also a leading  market for new startups.. i am happy  to  know it...

[sehoon]

I think the US is just being careful about the illegal things you can do with bitcoin and Malaysia might be also aware of it but they want to regulate things regarding it. But I think this is still good news to the community that a state is approving this kind of things that are related to cryptocurrency.

[hahahafr]

Every country has its own policies and regulations so you just can't say just because Malaysia approves of it United States of America should also approve it. Anyway it's a great idea that and a step in the right direction that Malaysia has open its doors to cryptocurrencies and blockchain startups.

[Iceblast]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

I think a country like the US is subject to regulatory regulations from the government. all agreements must be in accordance with regulations and the government supports. if that doesn't happen and there is no support I think like the US will not be able to accept the crypto exchange

[rosezionjohn]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

You may be confused here. The US has allowed many exchanges to operate. It is only now that they are imposing stricter rules to deter illegal activities. These exchanges in Malaysia were probably approved because they agreed to be fully compliant with their local laws.

[Slow death]

3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?

look at the article, it seems to me that the rules that the Malaysian government is imposing on the exchanges are very harsh and disadvantageous for the exchanges, it is not possible that such a large number of exchanges have been obliged to access their operations and consider this as something normal or that all such exchanges that have been ordered to cease operations do not desire comply with the regulations of the Government of Malaysia. It seems to me that the government is choosing the exchange according to its own interest or advantage

[Nnuego]

You can't compare Malaysia government with USA government. They both have different angles of handling issue that concerns their citizen welfare. They (USA)have regulatory bodies to cover every tokenized assets. It's something you cant just decide to do in USA and expect permission immediately without them knowing your aim and vision. Everything in USA takes time and you can't persuade the regulators

[waynechong1995]

It was a tail move where Malaysia years ago freeze local exchanges account and cause massive withdraw problem for fiat buyers, until these months after the new government there's a different standpoint, Not sure about the details on how to be fully comply with new regulations, most popularly KYC and tax induction for big volume, Neighbor countries like Singapore have countless crypto business standing and there's little concern about the impact to themselves, but i understand US strict regulators acts as leader to deal with so called raising problems among crypto