14th September 2022 - 2 min read
National cybersecurity specialist agency, CyberSecurity Malaysia has signed a two-year agreement with crypto exchange MX Global to study security measures that are necessary for cryptocurrencies and digital asset exchanges (DAX).
With this, both parties will now work to develop a general framework for cooperation in various areas of the technology behind crypto and DAX. Among others, these include collaboration in research and development (R&D), joint solution development activities, as well as relevant training and awareness programmes. Both parties will also explore specific areas that are identified by CyberSecurity Malaysia’s Cryptocurrency Department, with a key focus on blockchain technology.
“The interest in cryptocurrencies is growing and the hype resulted in an increase in cybercriminal attacks on various cryptocurrency exchanges,” said the chief executive officer of CyberSecurity Malaysia, Datuk Amirudin Abdul Wahab in signing the agreement. He also said that this collaboration may help to bolster investors’ confidence in the crypto and digital assets market in Malaysia.
MX Global is one of four DAX that are approved by the Securities Commission Malaysia for operation within the country – with the other three being Luno, SINEGY DAX, and Tokenize Technology. Early this year, it secured investments from global crypto exchange Binance, as well as local digital business solutions provider, Cuscapi Berhad.
(Source: Malay Mail)
Subscribe to our exclusive weekly newsletter and we’ll bring you the week’s highlights of financial news, expert tips, guides, and the latest credit card and e-wallet deals.
Stay tuned for what’s to come next in the personal finance world