Malaysia imposes anti-money laundering rules on crypto exchanges
BNM orders digital currency exchanges to identify customers and monitor transactions
Malaysia’s central bank has significantly toughened regulation on digital currency exchanges by ordering them to comply with anti-money-laundering rules already imposed on other financial companies.
Bank Negara Malaysia told the exchanges to comply with the new rules with immediate effect on February 27.
The BNM policy document makes digital currency exchanges subject to the measures set out in a 2001 law aimed at preventing money laundering and the financing of terrorism.
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