On 28 February 2019, the team at MX Global has managed to submit the application to be registered as a Recognized Market Operator (RMO) to the SC. Thereafter, MX Global has received an email from the SC stating that MX is allowed to continue to operate its Digital Asset Platform (i.e. mx.exchange), subject to certain conditions, pursuant to SC assessing the application.
On 8 March 2019, we received a reply from SC stated that we have submitted the application successfully to SC. Meanwhile, we believe that SC is currently reviewing our documents and we’re looking forward to a positive response from SC.
As one of the key players in Malaysia, MX Global which operates MX Exchange has spent significant time and effort to ensure all risks and control mechanisms are in place to cater for local investors based in Malaysia. This has been documented and provided to the SC as part of the application to be registered as a RMO. The comprehensive list of documents serves as a reference checklist to other players who intend to operate in Malaysia.
List of Digital Asset Exchanges can be found here: Source
Guidelines for Recognized Market Operators can be found here: Source
Application Form for Registration as a Recognised Market Operator can be found here: Source