Crypto Live News
Hata Digital, founded by Luno’s former Asia Pacific general manager David Low, has won conditional approval from the Securities Commission Malaysia to operate a digital asset exchange (DAX). Hata is the fifth local DAX licensed and regulated by the SC and the first to receive digital broker approval, allowing it to execute trades by matching them with other approved exchanges. Hata’s mission is to make digital asset investing easier for institutional investors, businesses, and high-net-worth individuals in Malaysia. The market is dominated by Luno, which commands over 90% of the local cryptocurrency trading market share.
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