PRESS RELEASE: Everus welcomes Securities Commission Malaysia’s move in collaboration with Bank Negara Malaysia to regulate digital assets
KUALA LUMPUR, 22th January 2019 – In light of the Securities Commission Malaysia’s (“SC”) move in collaboration with the Malaysian Central Bank’s (“BNM”) to enforce regulatory measures for the offering and trading of digital assets in Malaysia, Everus Technologies Sdn Bhd (“Everus” or “Company”) intends to cooperate and comply with the coming regulations and implementation on the regulatory framework of digital assets that provides better clarity to the digital assets market in Malaysia.
The country’s securities governing body expects to implement and enforce new regulations by end of Q1 2019, and have certain interim requirements established. In the meantime, Everus will apply and obtain the requisite authorization from SC, which will work with BNM to ensure full compliance.
Until Everus has its license approved and the new regulations are in force, Everus is prohibited to accept new customers and this is in accordance to the interim requirements issued by the SC. Thus, Everus has temporary disabled its Everus wallet sign up option. However, the situation will remain the same for existing Everus wallet users that registered prior to January 15th, 2019. All features in Everus Wallet are still available, including the ability to store and exchange assets, earning of reward points, bill payments as well as the earning point redemption feature.
Read the press release here:
https://media.everus.org/everus-securities-commission-bank-negara-malaysia-cryptocurrency/