24satoshi head talks about strategy for introducing cryptocurrencies in malaysia

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Crypto Regulation
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Bitcoin exchange 24SATOSHI is ready to work closely with cryptocurrency trading platforms in Malaysia to accelerate the introduction of digital assets in the country. This was announced by the head of the company, local media reported.

During the "Cryptocurrency Market Trends and Future Opportunities" conference, he stressed the importance of regulatory compliance. He said 24SATOSHI's plan is to "go global by acting locally."

"We need some guidelines to work with, and we'd really like to work with our partners and regulators [...]. Protecting users costs a lot of money in the short term, but in the long term it will be a big win," he added.

One of the partners in Malaysia was trading platform MX Global. The company announced an investment from 24SATOSHI.

During the conference, the platform's CEO added that the partnership will allow MX Global to accelerate growth and adoption not only through funding, but also through "technology and talent transfer".

The top manager also noted that Malaysia needs to address regulatory issues. In his opinion, the authorities should help make cryptocurrency mainstream and not just treat it as a speculative asset.

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Megan Sheets

Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.