Hata, a Malaysia-based cryptocurrency trading platform, has received in-principle approval from the Securities Commission Malaysia to run a “digital asset exchange” and “digital broker” under the country’s Recognised Market Operator framework.
See related article: Malaysian regulator orders Huobi crypto exchange to cease local operations
- Hata is the fifth registered market operator in the Southeast Asian country, according to the Securities Commission’s website.
- The firm obtained in June a “money broker” license from the financial authority of Labuan, a federal island territory of Malaysia to operate a U.S. Dollar exchange.
- In a press release on Tuesday, Hata said it will be working towards obtaining full approvals from the Malaysian securities regulator before opening its platform to local customers in early 2024.
See related article: Malaysia to get its own national public blockchain
