Bitcoin Cash which was one of the most demanded crypto tokens has been approved by Securities Commission (SC) of Malaysia. Malaysia had already approved 3 crypto token within a year. Now Malaysia has approved total 5 crypto tokens which include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) and Bitcoin Cash (BCH).
This approval of Bitcoin Cash (BCH) was revealed on a live interview by SC Executive Director for Digital Strategy & Innovation, Chin Wei Min. In this interview Chin revealed that as Bitcoin Cash (BCH) was highly in demand by Malaysians that's why Securities Commission (SC) of Malaysia has provisionally approved Bitcoin Cash (BCH).
When asked further Chin clarified that all the approvals was made on demand of market. If you want to listen whole interview here it is:
This means that now Malaysians will be able to trade on all authorised platforms. Public has also been warned not to trade on unauthorised platforms to avoid scams. Chin also clarified that SC is open to approve all the crypto token who want to.
Soon Malaysians will be able to trade Bitcoin Cash (BCH). Right now Malaysians can trade on only 3 authorised digital asset exchanges (DAX) – Luno, SINEGY and Tokenize.
Recently SC has declared P2P platform Remitano illegal and blocked it. Binance and eToro also included in unauthorised platforms.