Binance announces its return to Malaysia
The Binance exchange, through an alliance with Cuscapi Berhad, will now operate within one of the four market operators in the region
The cryptocurrency exchange Binance announced that it will once again operate in the Malaysian markets thanks to the platform’s strategic alliance with Cuscapi Berhad.
This is how the company will operate in the Digital Asset Exchange, one of the four most recognized market operators in the region licensed by the Securities Commission (SC).
Binance has a significant presence in the Asian region and with its new partnership in Malaysia, the exchange aims to expand the sustainable growth of the cryptocurrency market in the Southeast Asian region.
A spokesperson for the company assured that “this is part of Binance’s initiatives to cooperate with regulators. By working with regulated platforms, we are supporting local representatives to further expand their businesses while complying”.
Hello Malaysia. 🇲🇾https://t.co/vsHzHlm7KI
— CZ 🔶 Binance (@cz_binance) March 1, 2022
K. Tovar
Source: Cointelegraph
