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Are crypto scams a problem in Malaysia?

Yet, despite its rapidly growing popularity, the high number and value of crypto scams are a growing cause for concern. Globally, crypto scams amounted to US$14 billion in 2021, and in Malaysia, victims are losing increasingly larger sums.

Is crypto a threat in Malaysia?

Crypto's rapid growth in Malaysia shows no signs of abating, especially among the young and digitally savvy. This will further draw the attention of both regulators as well as bad actors, who are ready to penetrate lax security infrastructure or customer lapses.

What are the different types of crypto companies in Malaysia?

Companies operating in Malaysia’s crypto space fall into distinct categories: · Recognized Market Operator for Digital Asset Exchanges (RMO-DAX): These electronic platforms facilitate the trading of digital assets. · Digital Asset Custodian (DAC): DACs provide custody services for digital assets, safeguarding investors’ assets.

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