Yes, it seems that Malaysia is starting to try new luck in crypto, this developing country does not want to be left behind by other developed countries. In my opinion it is legitimate if a government allows an exchange as long as the exchange complies with central bank regulations as happened in my country.
For reasons why the US banned crypto, I think this is due to the impact of trade wars. Many US countries avoid taxes through crypto, in my opinion this is also a reason because the US state itself is famous for its many taxes.
Topic: Malaysia approves crypto exchange registration - page 2. (Read 321 times)
One of the things that is advantageous if there is an exchange that has been allowed to operate in a country is that there is legal protection from every transaction.
Why is it that large countries have not been able to receive it? Maybe there are many things that should be considered well when there is an exchange given permission to operate in the country will not harm the state and the community, especially crypto users.
Why is it that large countries have not been able to receive it? Maybe there are many things that should be considered well when there is an exchange given permission to operate in the country will not harm the state and the community, especially crypto users.
Seems that Asian countries are more and more supportive towards cryptocurrencies. This is probably one of ways they try to be competitive with Europe and America, especially in the field of new technologies and that is good news for crypto world. Positive regulation could only bring progress and further development of cryptocurrencies so this is an example to follow.
Southeast Asia is now the leading market for new startups, and of course a large number of exchanges are constantly opening there. Regulation of cryptocurrency is a necessity for the market.
I am glad that the norms are being established which the exchange or project must comply with so that they can openly offer their services to users. Of course, many people see this as an attempt by the state to limit the possibilities of decentralized projects. But this is done only in order to protect the rights of these same persons. There are too many scammers in the crypto exchange, so it’s better to see who follows strict rules and who does not want to make an effort to secure their users.
Unfortunately, even if the number of scammers among cryptocurrency exchanges decrease after the introduction of standards and licenses, this will not greatly affect the number of dissatisfied investors. Cryptocurrency investing begins to attract more and more new users who do not understand the basic features of the stock exchange, cryptocurrency, investment features. I spent the time to study the training materials on the taklimakan platform and I see how much I was not ready to trade before. If more people will not ignore the training stage, then there will be less failures.
I am glad that the norms are being established which the exchange or project must comply with so that they can openly offer their services to users. Of course, many people see this as an attempt by the state to limit the possibilities of decentralized projects. But this is done only in order to protect the rights of these same persons. There are too many scammers in the crypto exchange, so it’s better to see who follows strict rules and who does not want to make an effort to secure their users.
So according to you,,, a big country should just go ahead and let 250 million people go do what they like,,, while a small country should not let so many people on to crypto?
Here is the big news for you. If you use Bitcoin you do not need the permission of anyone not even your country to go and use Bitcoin. It is free for all to use. This is the whole point in fact!
Here is the big news for you. If you use Bitcoin you do not need the permission of anyone not even your country to go and use Bitcoin. It is free for all to use. This is the whole point in fact!
Either way, different territories have different laws, and I don't think the size of the two countries have anything to do with it. The better question would be "why is the US clamping down so hard", and that I have no answers for lol.
The US knows that it can bully anyone by trying to wave their dicks in front of other countries by coming down hard by means of regulations or by imposing ridiculous and unfair trade bans against other countries that might benefit a lot from them. They are fighting a losing battle when it comes to business interests since people who are affected by said sanctions could just take their business elsewhere wherein they can feel welcome anytime and expand their business without having to worry about strict regulations.
As for the exchange in Malaysia, it's about time that they also appear and expand knowing that the crypto scene in SEA is ever-growing, and this should be the start of something fruitful for the cryptomarket especially for the people of Malaysia.
Approval of trading platforms doesn't necessarily equate to improving regulations. That just means that the approved entities were compliant. The US should likewise approve any platforms that are fully compliant with their regulations.
Either way, different territories have different laws, and I don't think the size of the two countries have anything to do with it. The better question would be "why is the US clamping down so hard", and that I have no answers for lol.
Either way, different territories have different laws, and I don't think the size of the two countries have anything to do with it. The better question would be "why is the US clamping down so hard", and that I have no answers for lol.
3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?
Malaysia and US has different point of view against exchanges and they have different regulations as well.As for the news this is the source --> https://news.bitcoin.com/malaysia-approving-crypto-exchange-registrations/
3 crypto trading platform were officially approved in such small state as malaysia. but why such giant as US only issue regulations against using crypto whereas small malaysia improves it?
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