Malaysia regional chain digital currency
Singapore: digital currency exchanges need to apply for a license to operate in compliance with regulations. Souwei can develop Singapore blockchain digital currency exchange xrv522 , Singapore's minister of ecation ong Ye Kung said on behalf of the Singapore Monetary Authority (MAS), MAS will consult relevant instries in the near future, and formally introce the implementation measures and exemption provisions of the bill. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise the related businesses from the aspects of risk control and compliance
it is suggested to pay more attention to the mainstream digital currencies such as bitcoin, Ruitai coin, Laite coin and vitality coin.
needless to say, bitcoin has been widely recognized and accepted in the world. Dog Coin focuses on small rewards and charitable donations; Decent is a distributed content publishing platform based on blockchain technology.
Compliance is the general trend of the development of the digital currency instry. Although the supervision of digital currency in various countries is becoming more and more mature and strict, it is good for the long-term development of the instry. Only by providing a qualified and standardized market for digital currency can the instry develop healthily and the participants can enter on a large scale, In addition to a developed country taking the lead in the standardized development of digital currency, a number of minority countries and archipelagos are also following. They are actively using digital currency to upgrade and transform the original economic system, and are standing out on the road to the future of blockchain era
Malaysia updated its legal framework in 2018 and adopted cryptocurrency regulatory rules,. According to them, exchanges, exchanges and organizations that convert non statutory funds are referred to as "reporting agents.". Control in this area is vested in the National Central Bank (the National Bank of Malaysia) and the Securities Commission, the main regulator. It must regulate relationships within the ICO framework and issue licenses for the exchange of cryptocurrency
The change of digital money market is not only influenced by its own growing mature factors, but also by national policies. Looking around the world, countries have different policies on digital money, ICO and exchanges, but also have different regulatory attitudes towards digital money, It also directly determines the settlement choice, survival and development of blockchain project parties and enterprises related to digital assets, and whether the assets of digital currency holders are protected by law