SC to Seek Feedback on Regulatory Framework for Digital Asset Wallet Providers
23 July 2020   |   Kuala Lumpur

The Securities Commission Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering (IEO).

Digital asset wallet providers are persons who provide custody or storage services on behalf of digital asset owners. Such providers play an important role within the ecosystem in safeguarding the digital assets of the client.

In this regard, existing digital asset wallet providers or any interested parties are hereby requested to contact the SC for an engagement on their current business operations, and/or to provide any feedback on the framework for digital asset wallet providers. Existing providers and interested persons should contact the SC to arrange for an engagement session not later than 14 August 2020.

Once finalised, the regulatory framework for digital asset wallet providers will be included as part of the Guidelines on Digital Assets (Guidelines).

For further information or to arrange for an engagement session, please contact [email protected]
SECURITIES COMMISSION MALAYSIA
SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):
  1. Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
  2. Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
  3. Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group 
  4. Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC
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