49 Cryptocurrency Exchanges in Malaysia that are Registered with Bank Negara Malaysia

Here is a list of Cryptocurrency exchanges that are registered with Bank Negara Malaysia. Bank Negara has issued new regulatory framework and policies under the Anti-Money Laundering and Counter Financing of Terrorism Act.

Registered Entities are different to Regulated Entities

The central bank of Malaysia has also made it clear that reporting organization dealing with digital currencies are not allowed to reflect themselves as a licensed exchange under the Central Bank. Thus Malaysian citizens need to assume full responsibility as the Central Bank classifies Cryptocurrencies as nonlegal tender in Malaysia, reminding the general public that individual must due diligence when dealing with non-regulated digital assets.

The exchanges are also subject to conduct Customer Due Diligence or better know as Know-Your-Customer (KYC) that are not entirely different from what licensed entities regulated by Bank Negara Malaysia are subject to.

It’s important to note that according to upcoming policies geared towards Cryptocurrencies being uses a currency and not geared towards regulating ICOs which will likely fall under Securities Commission Malaysia.

An exchange be making a new cryptocurrency available for trading they are required to submit their risk assessment in relation to money laundering and terrorism financing in writing to Bank Negara Malaysia. For example what happened to the La’vida coin that was promoted in Malaysia for instance how It was proved to be a scam.

No Investor Protection Element, Only Meant to Counter Money Laundering and Terrorism Financing

Cryptocurrency Investors should be much more cautious as these exchanges are non regulated entities and reporting entities, elements of consumer protection will be null and also there will be none formal or informal channels whereby investors can seek compensation should there by any losses that are incurred when dealing in cryptocurrencies.

Cyber security aspects are also not in the regulations, in other words if there are any losses of cryptocurrency that were incurred due to hacks or any sort of reason, it is very likely that Bank Negara Malaysia will not be able to interfere and protect the any of the clients. Bank Negara Malaysia is only geared to prevent counter terrorism financing and money laundering which is their number one priority in this field.

Some Less Than Reputable Companies in the List

Several of the companies included in the Bank Negara’s list have questionable reputation. Take BCMY Pvt. Ltd. and Blockchain Developer Sdn Bhd (MPW) for example. Many have also raised concerns about Everus’ legitimacy, even after one of the CFO was involved in the murder case of Ivana Smith a teenage foreigner whom was living in Malaysia, though we are unable to conclusively prove their legitimacy one way or the other.

Here are the cryptocurrency exchanges in Malaysia registered with Bank Negara Malaysia:-

 

Name: ADD Blockchain
Website: http://www.addwill.co/
Trading Pair Supported: Bitcoin, Ethereum, Ripple, DASH, zCash, Bitcoin Cash

 

Name: B4U EXC (M) Sdn. Bhd.
Website:  http://www.b4uwallet.com/
Trading Pair Supported: Bitcoin, Ether, Ripple, Bitcoin Cash

 

Name: Belfrics Malaysia Sdn. Bhd.
Website:  https://malaysia.belfrics.com/
Trading Pair Supported: Bitcoin, Ether, Ripple, Bitcoin Cash, Litecoin, Berlium tokens (BET)

 

Name: BCMY Pte. Ltd.
Website:  http://bcmy.io/
Trading Pair Supported: Bitcoin, Ethereum, Ripple, DASH, zCash, Bitcoin Cash

Name: Chako Global Sdn Bhd
Website: https://www.coinhako.com/
Trading Pair Supported: Bitcoin, Ethereum

Name: Arbor Digital Sdn. Bhd.
Website: https://coins.my/
Trading Pair Supported: Bitcoin, Ethereum

Name: BXM Sdn Bhd
Website: https://www.exchangemalaysia.io/
Trading Pair Supported: Bitcoin, Ethereum

Name:Quest Mining Technologies Sdn. Bhd.
Website: https://www.exqube.com/my/
Trading Pair Supported: ETH

Name: Luno Malaysia Sdn. Bhd.
Website: https://www.luno.com/en/
Trading Pair Supported: Bitcoin, Ether, Bitcoin Cash

 

Name: Everus Technologies Sdn. Bhd.
Website: www.everus.org/
Trading Pair Supported: Bitcoin, Ethereum, Litecoin, EVR

Name: Blockchain Developer Sdn. Bhd.
Website: https://mypw.io/
Trading Pair Supported: Bitcoin, Ether, Ripple, Pitis, Ether Classic

 

Name: OpenBit Sdn. Bhd
Website: http://www.openbit.com.my/
Trading Pair Supported: Bitcoin, Ether, Bitcoin Cash

Name: Arxchange Sdn. Bhd, Mx Global Sdn Bhd
Website: https://mx.exchange
Trading Pair Supported: Bitcoin, Ethereum

Name: Blockchain Street Sdn. Bhd.
Website: https://getcoinapp.com/
Trading Pair Supported: BTC

Name: Numex Sdn. Bhd.
Website: https://www.numoney.my/my
Trading Pair Supported: Ethereum

Name: Peer Direct Sdn Bhd
Website: http://www.overswitch.io/

Alt Website: https://www.eurekapro.my/

Trading Pair Supported: Bitcoin, Ether, Bitcoin Cash, Nitro

Name: Rocket Integration Technology Sdn. Bhd.
Website: https://slithex.com/
Trading Pair Supported: Bitcoin, Ether, Ripple, DASH, Zcash,
Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic, Monero, USD Tether, EOS, IOTA, NEO, OmiseGo, AltCoin

 

Name: Sinegy Technologies (M) Sdn. Bhd.
Website: https://sinegy.com/
Trading Pair Supported: Bitcoin, Ether, Tether, Ripple, Bitcoin Cash

 

Name: OurCoin BlockChain Technology Sdn. Bhd
Website: https://www.blockchaintmhub.io

Trading Pair Supported: Bitcoin

 

Name: Tokenize Technology (M) Sdn. Bhd
Website: https://tokenize.exchange/#/
Trading Pair Supported: Bitcoin, Ether, Bitcoin Cash, Litecoin

Name: PinkEXC (M) Sdn Bhd
Website: https://www.pinkexc.com/
Trading Pair Supported: Bitcoin, Ether, Litecoin, Dashcoin, Dogecoin

 

Name: Futurevest Sdn Bhd
Website: http://www.futurevest.com.my/

Trading Pair Supported: Bitcoin, Ether, QTUM, BUC

 

Name: NIEXX Sdn Bhd.
Website: http://www.yoxex.com/
Trading Pair Supported:  Bitcoin, Ether, Ripple, DASH, Zcash,
Bitcoin Cash

Name: Vardiz Commerce Sdn. Bhd
Website: http://www.vardiz.com/
Trading Pair Supported: Bitcoin

 

Name: Xbit Asia Sdn. Bhd.
Website: http://www.xbitasia.com/
Traded Cryptocurrency Listed on BNM: Bitcoin

 

Name: Metro Hexagon Sdn. Bhd.
Website: https://vhcex.com/
Trading Pair Supported: Bitcoin, Ether

 

Name: UNQEX Sdn. Bhd.

Website: https://www.unqex.com/

Trading Pair Supported: Bitcoin, Ether, Ripple, Litecoin, Bitcoin Gold, Bitcoin Cash, Augur, Omisego, TenX, Golem, Basic Attention Token, Kiber Network, Ox, Funfair, Civic, EOS, Uniq, TetherS, UNQ Token

 

Name: Upbit Malaysia Sdn. Bhd.

Website: https://my.upbit.com/

Trading Pair Supported: Bitcoin, Ether, Dash, Zcash, Bitcoin Cash

 

Name: Unicoin DCX Sdn. Bhd.

Website: http://www.unicoindcx.com/

Trading Pair Supported: Bitcoin, Ether, Dash, Zcash, Bitcoin Cash

 

Name: Coinceo Sdn. Bhd.

Website: https://www.coinceo.com/

Trading Pair Supported: Bitcoin, Ether, Dash, Zcash, Bitcoin Cash

 

Name: Tide Digital Sdn. Bhd.

Website: https://www.tidebit.com/

Trading Pair Supported: Bitcoin, Ether, Bitcoin Cash, XPA, CBT, EOS

 

Name: MBW Capital Sdn. Bhd.

Website: http://www.addwill.co/

Trading Pair Supported: Bitcoin, Ether,Ripple ,Bitcoin Cash, Apollo, Pandora, Litecoin, Classic, EOS, Cardano, Neo, Monero, Qwarkj

Name: Bit Malay Sdn. Bhd.

Website: http://www.bitmalay.com/cgi-sys/defaultwebpage.cgi

Trading Pair Supported: Bitcoin, Ether,Ripple ,Bitcoin Cash, Litecoin, Cardano, Stellar, Tron, EthereumClassic

 

Name: BitPoint Malaysia Sdn. Bhd.

Website: https://www.bitpoint.com.my/

Trading Pair Supported: Bitcoin, Ether,Ripple ,Bitcoin Cash, Litecoin

 

Name: FINX Blockchain Sdn. Bhd.

Website: https://finxbanking.com/

Trading Pair Supported: Bitcoin, Ether,Ripple

Name: Hartatek Resources Sdn. Bhd.

Website: https://www.ezyx.biz/

Trading Pair Supported: Bitcoin, Ether,Ddkoin

 

Name: Jonvi Marketing Sdn. Bhd.

Website: http://www.jonvi.com/

Trading Pair Supported: Bitcoin, JE Token

 

Name: Quantum Metal Sdn. Bhd.

Website: http://www.quantummetal.com/

Trading Pair Supported: Ethereum

 

Name: Red Puffer Sdn. Bhd.

Website: http://www.ibrfintech.com/

Trading Pair Supported:  Bitcoin, Ethereum

 

Name: Fintech Capital Sdn. Bhd.

Website: https://www.fintechcapital.co/

Trading Pair Supported: Bitcoin, Ether, Dash, Bitcoin Cash

 

Name: Crystal IT Management Sdn. Bhd.

Website: http://www.crystalethminer.com/

Trading Pair Supported: Bitcoin, Ether

 

Name: Coinut Sdn. Bhd.

Website: https://coinut.com/

Trading Pair Supported: Bitcoin, Ether, Zcash, Litecoin, USDT, Ether Classic, Monero

 

Name: CSL Block Chain Technology Sdn. Bhd.

Website: http://www.cslblockchain.com/

Trading Pair Supported: Bitcoin, Ether, Ripple, Dash, Zcash, Bitcoin Cash, Litecoin, EOS, Cardano

 

Name: Bit Trade Enterprise Sdn. Bhd.

Website: https://www.gomex.io/

Trading Pair Supported: Bitcoin

 

Name: BLOKMY Sdn. Bhd.

Website: https://blokmy.com/

Trading Pair Supported: Bitcoin, Ether

 

Name: Bong Technology Sdn. Bhd.

Website: https://www.bitnicx.com/

Trading Pair Supported: Bitcoin

 

Name: Sky 88 Marketing (Sole Proprietor)

Website: https://novadex.io/

Trading Pair Supported:  Bitcoin, Ether

 

Name: VH Technologies Sdn. Bhd.

Website: https://vhcex.com/

Trading Pair Supported: Bitcoin, Ether

 

Name: UDAX International Sdn. Bhd.

Website: https://www.udax.my/#/index

Trading Pair Supported: Bitcoin, Ether, UDT

 

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

We are quite certain with the given time that many more companies will be listed under Bank Negara Malaysia. We will keep all you crypto lover’s updated if there are any development.

For Luno they have released a press statement regarding being a reporting entity here in Malaysia, they have announced on April 10th that they have formally registered with Bank Negara as a reporting institution as required by the policy document: Anti- Money Laundering and Counter Financing of Terrorism (AML/CFT) – Digital Currencies (Sector 6)

It is important to note that while Luno is registered as a reporting entity, cryptocurrency exchanges are neither licensed nor authorised by the central bank, which means should there be any disputes or losses incurred there will be no established avenue for redress. Being a reporting entity  just means that Luno has reporting obligations in respect to preventing money laundering and terrorism financing.  Bank Negara has previously also warned consumers to conduct their own due diligence when dealing with cryptocurrencies

“We view any steps toward regulation of digital currencies as a very positive sign,” said Vijay Ayyar, Head of Countries for Luno. “We will continue engaging with various government agencies to ensure that the industry is well understood and that risks are mitigated. We have been working closely with BNM over the past year and similarly with many other regulators globally”.

“We are also testing other solutions for processing both deposits and withdrawals, which will allow us to resume full services in Malaysia. Malaysia, and more broadly Southeast Asia, is critical to our mission to bring digital currencies to everyone, everywhere.”

However, users are advised to be cautious if there are organizations that offer misleading schemes and promising instant wealth. Can refer to CryptoHype for the next update.

Detailed information of the declaration document can be downloaded here.

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