Investors’ protection assured with regulated DAXs, says Luno

Reintroduced in November 2019 after being granted SC’s approval, Luno has over 90% of the regulated DAX market share in Malaysia, storing more than RM1 billion of digital assets on behalf of more than 300,000 customers and processing more than RM4.2 billion in 2021. Luno Malaysia’s country manager Aaron Tang said the guideline and regulations outlined by Security Commission (SC) have helped to ensure users are protected and gain fair services by lifting standards in the industry while implementing barriers to entry for operators with low concern or capabilities, the stringent measures. Tang said, would prevent unwanted activity like market manipulation and wash trading. Furthermore, this could avoid the users’ accounts or assets being used for any illicit means.