The landscape of digital asset trading in Malaysia has undergone significant regulatory transformation since the introduction of the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, which came into effect on 15 January 2019. This pivotal development marked the beginning of a structured and secure environment for cryptocurrency exchanges operating within the country.
Shortly after, on 31 January 2019, the Securities Commission Malaysia (SC) released revised Guidelines on Recognized Markets, setting clear operational, compliance, and investor protection standards for Digital Asset Exchange (DAX) operators. These guidelines were designed to ensure transparency, cybersecurity, and fair trading practices across all registered platforms.
As a result of these regulatory advancements, the SC has formally recognized and registered six Digital Asset Exchange operators as Recognized Market Operators (RMOs). These entities are legally authorized to facilitate the trading of digital assets in Malaysia under strict regulatory oversight.
Any entity not listed as an RMO is prohibited from conducting digital asset exchange activities in Malaysia. This includes platforms that may have operated during the transitional regulatory period. Such unregistered entities are required to cease all operations immediately and return all funds and digital assets collected from users or investors.
The list below reflects the officially registered digital asset exchanges as recognized by the Securities Commission Malaysia, updated as of 27 February 2024. The SC regularly reviews and updates this list to ensure public safety and market integrity.
Luno Malaysia Sdn. Bhd.
One of the earliest and most well-known international entrants into Malaysia’s regulated crypto space, Luno Malaysia Sdn. Bhd. operates under full compliance with SC guidelines. Known for its user-friendly interface and strong focus on education, Luno continues to serve both retail and institutional investors across the country.
Registered Address:
Horizen Penthouse, 1 Powerhouse
No.1, Persiaran Bandar Utama, Bandar Utama
47800 Petaling Jaya, Selangor, Malaysia
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SINEGY DAX (M) Sdn. Bhd.
Based in George Town, Penang, SINEGY DAX (M) Sdn. Bhd. represents a homegrown effort to build a compliant and scalable digital asset infrastructure. The platform emphasizes blockchain innovation and aims to support Malaysia’s growing fintech ecosystem through secure trading and developer-focused tools.
Registered Address:
Wisma Leader, 8 Jalan Larut, Unit 3.2
10050 George Town, Penang, Malaysia
Tokenize Technology (M) Sdn. Bhd.
Headquartered in Kuala Lumpur, Tokenize Technology (M) Sdn. Bhd. is committed to advancing digital asset adoption through regulated trading services. With a focus on security and KYC/AML compliance, the exchange caters to a broad range of users seeking reliable access to cryptocurrencies.
Registered Address:
Unit 19-03, TSLAW Tower
39, Jalan Kamuning
55100 Kuala Lumpur, Malaysia
HATA Digital Sdn Bhd
Operating from the heart of Kuala Lumpur’s financial district, HATA Digital Sdn Bhd is another SC-recognized operator contributing to the legitimacy and growth of Malaysia’s digital economy. The exchange supports a variety of digital tokens and enforces strict risk management protocols.
Registered Address:
Co-labs Coworking Naza Tower
Level 25, Naza Tower, Platinum Park
10, Persiaran KLCC
50088 Kuala Lumpur, Malaysia
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MX Global Sdn Bhd
MX Global Sdn Bhd brings institutional-grade trading infrastructure to Malaysia’s regulated crypto market. With offices in Petaling Jaya, the exchange focuses on compliance, liquidity, and security—key pillars for fostering investor confidence in digital assets.
Registered Address:
Level 23A, Tower N
No.8 Jalan Damansara, Empire City
47820 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Torum International Sdn Bhd
Blending social networking features with cryptocurrency trading, Torum International Sdn Bhd stands out as a unique player in Malaysia’s DAX landscape. As a registered RMO, it combines innovation with regulatory adherence, offering users a compliant yet engaging platform experience.
Registered Address:
A-28-3A/5/6, Tower A
Vertical Business Suite, Avenue 3
No.8, Jalan Kerinchi, Bangsar South
59200 Kuala Lumpur, Malaysia
Why Regulation Matters for Digital Asset Investors
Regulation plays a crucial role in protecting investors from fraud, market manipulation, and operational failures. The SC’s framework ensures that all registered exchanges:
- Implement robust anti-money laundering (AML) and counter-terrorism financing (CTF) measures
- Maintain segregated client asset accounts
- Conduct regular audits and cybersecurity assessments
- Provide transparent fee structures and trading data
These safeguards are essential for building long-term trust in the digital asset ecosystem.
Frequently Asked Questions (FAQ)
Q: How can I verify if a digital asset exchange is registered in Malaysia?
A: You can check the official list of Recognized Market Operators (RMOs) published by the Securities Commission Malaysia on their website. Only exchanges listed there are legally permitted to operate.
Q: Is it safe to trade on unregistered crypto exchanges in Malaysia?
A: No. Unregistered platforms do not meet SC’s regulatory standards and pose significant risks, including loss of funds and lack of legal recourse. Always use SC-approved exchanges.
Q: What should I do if I’ve invested in an unlicensed exchange?
A: Cease further transactions immediately and attempt to withdraw your assets. Report the platform to the SC if you encounter difficulties or suspect misconduct.
Q: Are Malaysian banks allowed to service crypto exchanges?
A: Licensed RMOs may establish banking relationships with local financial institutions, but banks retain discretion based on internal risk policies.
Q: Does the SC protect investors if a registered exchange fails?
A: While the SC enforces strict operational standards, it does not provide deposit insurance like traditional banking systems. Investors should still practice due diligence.
For those seeking unpermitted exchanges—entities not authorized to operate in Malaysia—you can refer to Sections B and C of the SC’s official publication for disallowed operators.
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This comprehensive list and accompanying information aim to empower investors with accurate, up-to-date knowledge about legitimate digital asset trading platforms in Malaysia. As the regulatory environment evolves toward greater maturity in 2025 and beyond, staying informed remains your best defense against risk—and your greatest tool for opportunity.