Finxycrypto head talks about strategy for introducing cryptocurrencies in malaysia

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

Bitcoin exchange FinxyCrypto 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 FinxyCrypto'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 FinxyCrypto.

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.

Read more about

Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.