Malaysia's Crypto Regulations and Role of Third Party Custodians for Consumer Protection

Our APAC focused episodes continue as Ian Andrews ventures into discussions about Malaysia with the CEO of MX Global, Fadzli Shah and discovers why Malaysia is one of the strictest crypto regulatory environments in Asia. 

Fadzli describes the Malaysian Crypto Regulations compared to other jurisdictions in the APAC region and substantiates the clarity in legislation as cryptocurrency is deemed as a security and the burden and onus of regulation and compliance are on the cryptocurrency exchanges.

The conversation covers the importance of the mandatory third party custodianship and how that has helped with consumer protection and segregation of funds. He also describes the rate of institutional adoption and the best use cases to come out of the emerging Malaysian blockchain ecosystem.

• (2:35) - Fadzli early foray into crypto and the challenges of getting the required licenses for MX Global in Malaysia 

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

• Website: MX Global: The safest and easiest way to buy and sell digital currencies such as Bitcoin & Ethereum.in Malaysia

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 

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