We are getting in touch by implementing the travel rule to the exchange, you will notice some changes to the way you are sending and receiving digital assets at MX Global platform.
Here is what you need to know:
What’s changed?
As an MX user, you are required to provide additional information about the person or entity and the name of the exchange platform to that you are sending digital assets. Once MX Global has this information, MX Global will securely send payment instructions to the exchange platform that you are sending to.
These instructions will include the details you are required to declare about the recipient as well as certain information about yourself. This will include information such as name, identity number, and home address.
Why’s it changing?
This change is pursuant to the Securities Commission Malaysia (SC) has joined a growing number of regulators around the world to introduce the “Travel Rule” to the Malaysian regulatory framework for Digital Asset Service Providers (VASPs). As a Recognized Market Operator – Digital Asset Exchange (RMO-DAX) regulated by the SC in Malaysia, MX Global is required to implement the “Travel Rule.” For more in-depth information, please refer to our Travel Rule.
We will keep you posted on Travel Rule to take into effect on our exchange.
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Legal Risk Disclosure:
Trading on cryptocurrency carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade with MX Global, you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
MX Global Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.