{"id":321878,"date":"2022-03-02T09:36:17","date_gmt":"2022-03-02T14:36:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=321878"},"modified":"2022-03-02T09:36:17","modified_gmt":"2022-03-02T14:36:17","slug":"binance-returns-to-malaysian-market-following-investment-in-mx-global","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-returns-to-malaysian-market-following-investment-in-mx-global","title":{"rendered":"Binance Returns To Malaysian Market Following Investment In MX Global"},"content":{"rendered":"
The world’s largest cryptocurrency exchange Binance has found its way back into the Malaysian market following an equity investment into MX Global, a fintech company based in Kuala Lumpur. MX Global wants to establish a crypto trading platform that will provide cryptocurrency trading services to consumers, merchants, and traders.<\/p>\n
Apart from Binance, the company also received investments from Malaysian firm Cuscapi Berhad in the form of redeemable convertible preference shares.<\/p>\n
Malaysia started regulating the crypto market after the enactment of the Capital Markets and Services Order in 2019. According to the order, all digital assets will be seen as securities for the law in Malaysia.<\/p>\n