Is Malaysia a crypto-friendly country?

It all depends on what is considered crypto-friendly. The country of Malaysia is acknowledging the usage of crypto and is acting accordingly by regulating new crypto operators. The Securities Commission Malaysia (SC) has registered three cryptocurrency exchanges and given them access to conducting cryptocurrency-related business on Malaysian soil. Luno Malaysia, Sinegy Technologies and Tokenize Technology got the licenses out of many who applied. Malaysian crypto exchanges are required to register with and be approved by the SC. The recently-approved exchanges will have up to nine months to achieve full compliance with the SC’s regulation standards and guidelines.