Malaysian Crypto Firm Hata Receives Green Light From Malaysian Regulators

The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principle approval to cryptocurrency exchange and digital broker Hata. The approval marks Hata as a Recognized Market Operator (RMO) and the 5th regulated digital asset exchange (DAX) in the country, operating alongside existing players such as Luno. The platform noted that it will be working towards receiving a full license from the Malaysian securities regulator “before it opens its platform to customers in Malaysia by early 2024.” Other registered digital asset exchanges in Malaysia include Luno, MX Global, Sinegy DAX and Tokenize Technology.

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