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Hata obtains in-principle approval from Securities Commission Malaysia to operate as a digital asset exchange, eyes partnerships in Singapore and broader Asia next - Vimarsana News

Hata obtains in-principle approval from Securities Commission Malaysia to operate as a digital asset exchange, eyes partnerships in Singapore and broader Asia next

Published: October 10, 2023

SINGAPORE, Oct. 10, 2023 /PRNewswire/ -- The Securities Commission Malaysia (SC) has conditionally approvedHata's application as a Digital Asset Exchange (DAX) and Digital Broker (DB) under the Recognised Market Operator framework. Hata is notably the only player that has received the in-conditional players following the re-opening of DAX application in Malaysia in November 2022,and will become the 5th regulated DAX - operating alongside existing players such as Luno. Hata has also recently obtained a Money Broker licence from the Labuan Financial Services Authority in June 2023 to operate...

Source: singaporestar.com
Related Topics:
David LowSecurities Commission MalaysiaDigital Asset ExchangeDigital BrokerRecognised Market OperatorMoney BrokerLabuan Financial Services AuthorityStablecoin Regulatory FrameworkAct 10023 Prnewswire The Securities Commission Malaysia Sc Has Conditionally Approvedhata 39s Application Asa Digital Asset Exchange Dax And Broker Db Under Recognised Market Operator Framework Hata Is Notably Only Player That Received In Conditional Players Following Re Opening Of November 2022And Will Become The 5th Regulated Dax Operating Alongside Existing Players Such As Luno Hata Has Also Recently Obtaineda Money Broker Licence From Labuan Financial Services Authority In June 2023 To Operate Its Us Dollar Exchange With Both LicencesAta Plans To Become The One Stop Digital Asset Platform For Institutional InvestorsUsinesses And High Net Worth Individualsin Southeast Asia Hata Will Be Working Towards Obtaining Full Approvals From The Sc Before It Opens Its Platform To Customers In Malaysia By Early 2024 Www Io Founded Is Led David LowOrmer Apac General Manager Of Luno David Left In April 2023Nd Notably Led Luno 39s Dax Application And Launched As Malaysia First In 2019 Before Expanding To Other Markets Within Southeast Asia Is Currently Market Leader The Digital Assets Space David LowEo Of Hata Is Also In Discussions With Various Potential Partners And Funding Investor Interests The Apac RegionOtably Singapore Which Recently Saw Significant Regulatory And Business Milestones In The Digital Asset Space Despite Market Setbacks End 2023Uch As The Introduction Of Stablecoin Regulatory FrameworkHe Set Up Of Globalr Ampd Hub In Singapore By Crypto ComNd The Recent Conclusion Of Token2049 Which Saw More Than 10000 Attendees Official Press Announcement In Malaysia Can Be Found Here