Meet the 29 Cryptocurrency Exchanges in Malaysia Registered with BNM
Bank Negara Malaysia has published the list of cryptocurrency exchanges in Malaysia that has registered itselves as a reporting entity with the regulator. This follows our report issuance of the policy paper titled “Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6)”.
Registered Entity is Not The Same As Regulated
While these entities are registered with the central bank we would like to reiterate as we did in our previous articles that, Bank Negara Malaysia emphasises in this policy paper that reporting organisations i.e exchanges are not allowed to portray itself as a licensed entity under the central bank though they have reporting obligations to the regulator.
No Investor Protection Element, Only Meant to Counter Money Laundering and Terrorism Financing
Investors in cryptocurrencies should also be mindful that since these exchanges are only reporting entities and not regulated entities, there will be no elements of consumer protection the will be no formal channels in which investors can seek redress should there be any losses incurred when dealing with cryptocurrencies.
The regulation also does not address cyber-security aspects, which means if any losses were to be incurred due to hacks, it is likely that Bank Negara won’t be able to intervene and protect the consumers. The policy paper and having exchanges report to Bank Negara Malaysia is only primarily geared at preventing money laundering and terrorism financing.
Some Less Than Reputable Companies in the List
It’s also worth mentioning that several of the companies included in this list have questionable reputation. Take BCMY Pvt. Ltd. and Blockchain Developer Sdn Bhd (MPW) for example, both companies have known affiliations with Dinar Dirham which is listed in Bank Negara’s watchlist
Many in the community have also raised concerns about Everus’ legitimacy, though we are unable to conclusively prove their legitimacy one way or the other.
Having said that, it is prudent for us to once again reiterate that, this list from Bank Negara Malaysia should not be viewed as an endorsement from the regulator nor from us.
With that out of the way, let us have a look at some of the cryptocurrency exchanges in Malaysia registered with Bank Negara Malaysia.
Registered Name: ADD Blockchain
Website: http://www.addwill.co/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum, Ripple, DASH, zCash, Bitcoin Cash
Registered Name: BCMY Pte. Ltd.
Website: http://bcmy.io/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum, Ripple, DASH, zCash, Bitcoin Cash
Registered Name: BXM Sdn Bhd
Website: https://www.exchangemalaysia.io/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum
Registered Name: B4U EXC (M) Sdn. Bhd.
Website: http://www.b4uwallet.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Ripple, Bitcoin Cash
Registered Name: Belfrics Malaysia Sdn. Bhd.
Website: https://malaysia.belfrics.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Ripple, Bitcoin Cash,
Litecoin, Berlium tokens (BET)
Registered Name: Arbor Digital Sdn. Bhd.
Website: https://coins.my/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum
Registered Name: Chako Global Sdn Bhd
Website: https://www.coinhako.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum
Registered Name:Quest Mining Technologies Sdn. Bhd.
Website: https://www.exqube.com/my/
Traded Cryptocurrency Listed on BNM: ETH
Registered Name: Everus Technologies Sdn. Bhd.
Website: www.everus.org
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum, Litecoin, EVR
Registered Name:Blockchain Street Sdn. Bhd.
Website: https://getcoinapp.com/
Traded Cryptocurrency Listed on BNM: BTC
Registered Name: BitX Malaysia Sdn. Bhd.
Website: https://www.luno.com/en/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Bitcoin Cash
Registered Name: Shaneja Capital Sdn. Bhd.
Website: https://mumain.io/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum
Registered Name: Blockchain Developer Sdn. Bhd.
Website: https://mypw.io/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Ripple, Pitis, Ether Classic
Registered Name:Arxchange Sdn. Bhd, Mx Global Sdn Bhd
Website: https://mx.exchange
Traded Cryptocurrency Listed on BNM: Bitcoin, Ethereum
Registered Name: Numex Sdn. Bhd.
Website: https://www.numoney.my/my
Traded Cryptocurrency Listed on BNM: Ethereum
Registered Name: OpenBit Sdn. Bhd
Website: http://www.openbit.com.my/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Bitcoin Cash
Registered Name: OurCoin BlockChain Technology Sdn. Bhd
Website: http://www.openbit.com.my/
Traded Cryptocurrency Listed on BNM: Bitcoin
Registered Name: Peer Direct Sdn Bhd
Website: http://www.overswitch.io/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Bitcoin Cash, Nitro
Registered Name: PinkEXC (M) Sdn Bhd
Website https://www.pinkexc.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Litecoin, Dashcoin, Dogecoin
Registered Name: Rocket Integration Technology Sdn. Bhd.
Website https://slithex.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Ripple, DASH, Zcash,
Bitcoin Cash, Ethereum, Litecoin,
Ethereum Classic, Monero, USD Tether,
EOS, IOTA, NEO, OmiseGo, AltCoin
Registered Name: Sinegy Technologies (M) Sdn. Bhd.
Website https://sinegy.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Tether, Ripple, Bitcoin
Cash
Registered Name: Tokenize Technology (M) Sdn. Bhd
Website https://tokenize.exchange/#/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Bitcoin Cash, Litecoin
Registered Name: Vardiz Commerce Sdn. Bhd
Website: http://www.vardiz.com/
Traded Cryptocurrency Listed on BNM: Bitcoin
Registered Name: Metro Hexagon Sdn. Bhd.
Website: http://www.vardiz.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether
Registered Name: Xbit Asia Sdn. Bhd.
Website: http://www.xbitasia.com/
Traded Cryptocurrency Listed on BNM: Bitcoin
Registered Name: NIEXX Sdn Bhd.
Website: http://www.yoxex.com/
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, Ripple, DASH, Zcash,
Bitcoin Cash
Registered Name: Futurevest Sdn Bhd
Website: Website Unvailable
Traded Cryptocurrency Listed on BNM: Bitcoin, Ether, QTUM, BUC
We’re certain as time progresses more companies will be registered in Bank Negara list of reporting entities and we’ll keep our readers posted when there are more developments, if you’re interested to read Luno’s official press statement on being a reporting entity you can also check it out here.
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