Eternity Law International News Crypto license in Malaysia

Crypto license in Malaysia

March 15, 2023

In this jurisdiction, crypto-currencies are given an officially-approved status, but nevertheless, it isn’t allowed to be used as payment means. Bank Negra Malaysia – the country’s main banking establishment – published an appeal in which he focused on the fact that bitcoins are not officially recognized as a means of payment, and asked citizens to weigh all risks of using crypto-currencies in certain payment transactions. Country’s Minister supports this statement and is confident the government’s attitude towards crypto-currencies won’t change nearly. Nevertheless, in order to be able to offer services related to exchanges or circulation of crypto-currencies, organizations need to obtain permission as cryptocurrency license in Malaysia.

Crypto-currency regulations in Malaysia

  1. In this jurisdiction, crypto-currencies are equated with securities, which’s why tokens are covered by appropriate legislative basis and controlled by Securities Authorities according to Capital Markets Acts.
  2. Crypto-exchanges are controlled in accordance with Illegal Money Circulation and Terrorist Financing Prevention Norms for Capital Market Intermediaries. But later these bases have been adjusted and now the list of rules includes Capital Markets Act and Recognized Markets Norms 2019.

As stated in Malaysia сryptocurrency regulation, all crypto-exchanges are needed to be registered with SCM in order to operate legally. In order to be able to carry out their activities in accordance with local normative rules, companies are needed to hire qualified workers and managers who match all professional points and obtain cryptolicense in Malaysia. Crypto-exchanges need to follow a number of AML/CFT obligations during their operation and throughout their deals, which also require them to verify their customers and their operations in a certain way. 

Businesses for sale in Malaysia

Ready-made company in Malaysia

Asia, Malaysia
What is included: ready-made company in Malaysia; bank account for the company. Malaysia is often called the place of two cultures because of the strong difference between life in different regions. It is of interest to businessmen as a vacation destination with beautiful beaches and as a country for registering a business. Malaysia is distinguished…

Labuan Forex Money Broking License for sale

Asia, Malaysia
Location: Petaling Jaya, Malaysia Labuan Forex Money Broking License  was established 4+ years ago Labuan Forex Money Broking License  was licensed 4+ years ago Type of license: Forex Money Broking License Advantages of the Forex Money Broking License Corporate tax is 3%. One of the lowest in the world. There is no tax on dividend…

Cryptocurrency exchange license in Malaysia: future of crypto-regulation

Malaysia cryptocurrency laws are quite stringent, but many do not lose hope these rules will become simpler and supple. Recently, Datuk Zahidi openly offered to reform the monitoring rules for crypto-currencies. He believes crypto-assets can be officially approved so young Malaysians also have possibilities to become a part of this system, because the crypto-industry is a great forcing mechanism of the future.

Country decided to look into this issue and began exploring a feasible Central Digital Currency. Previously, Bank Negra cooperated with partner establishments in Singapore and Australia to examine effectiveness of CBDCs. The research consisted of “proof of concept and experimentation to expand our mechanical and political possibilities if there’ll be a future need to release a CBDC.”

Eligibility to open a crypto-exchange business in Malaysia

To be eligible to open a crypto-exchange business in Malaysia, an initial due diligence must be completed; it’ll show the directors and all stakeholders meet normative rules to establish commercials and comply with the legislative basis for 100% foreign ownership and company structure. As a rule, this procedure takes from 1 to 2 months.

Our specialists are ready to give you comprehensive assistance to get crypto Blockchain license in Malaysia. We possess an extensive list of shelf firms and licenses for sale in hundreds of jurisdictions and various commercial directions. Contact our specialists right now without wasting time and money.

You could be interested

High-risk businesses payments processing

One of our specialties is High-risk payment processing. We serve high-risk merchant companies with the help of international banking partners and a wide range of opportunities for establishment of offshore systems. Today we are service providers for almost any high-risk business. Our company offers high-risk payment gateway to high-risk businesses in the following areas of...

Crypto regulation consultation

The cryptocurrency market is actively developing around the world. In many leading countries, documents are already appearing that allow to establishment of legal control over the process of trading with cryptocurrencies, their storage, and other operations in this sphere. Every year there are more and more crypto company for sale of popular coins. To legally...

How to Establish a Cyprus-Based Forex Business?

The EU prohibits the operation of forex firms that are not subject to its regulation. However, many EU nations have a strident anti-market stance and impose high tax regimes, as well as raising the fees and restrictions for running a financial firm or acquiring a permit for a forex agency. Cyprus, however, has decided to...

Benefits of company registration in Poland

For businesspersons seeking to enter the EU single market, forming a commercial presence in Poland is one of the most appealing variants. The state places the first position in the amount of investment startups in the Central and Eastern EU member-states. Due to its pro-business environment and FDI policy, some 20,000+ jobs have been developed....

Company registration in Nigeria

The Cοrporate Αffairs Cοmmission (CAC) is a regulatory body set up to administer Nigerian entities. Recently, it has launched a new e-registration platform, due to which company registration in Nigeria can be done remotely. As specified by the law, an entry in a registrar of this regulator is a compulsory term for setting up a Nigerian...

APIs in the UK

We can assist you in gaining the UK Authorized Payment Institution License if you desire to propose various options for clients such as funds transfers, processing of payments, or supplying opening accounts. UK government’s API and Ordinances The corporation is obligated to receive a permit from the FCA to process payments as an API in...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7