Bituys.com head talks about strategy for introducing cryptocurrencies in malaysia

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Crypto Regulation
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Bitcoin exchange Bituys.com 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 Bituys.com'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 Bituys.com.

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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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.