You may remember UK-based digital assets exchange brand Luno getting full approval from the Securities Commission of Malaysia (SC) just last month – making it the country’s first fully-regulated crypto currency exchange platform.
This is not the first time the company been in Malaysia however, it’s had a rocky start to life since arriving in the country in 2015 – but today, Luno has been re-launched to the Malaysian market with full confidence.
With Luno, you can buy, sell, and store cryptocurrencies such as Bitcoin and Ethereum; this, of course, is done in a fully-regulated environment. At the time of writing, one Bitcoin is worth RM30,000 but has been in a downward trend early 2018, but Luno CEO Marcus Swanepoel believes that cryptocurrency is a long-term investment – a currency for the future – so despite its drop in value now, more developments in the industry could help spearhead a widespread adoption of digital assets down the line.
The app is available to download from the Google Play Store as well as the Apple App Store. Visit Luno’s website to learn more about the service as well as cryptocurrency in general.