- Ethereum custody now allowed in Malaysia without SEC approval.
- Move simplifies crypto operations for local firms.
- Could attract more Web3 businesses to the region.
Ethereum Custody Just Got Easier in Malaysia
In a bullish development for Southeast Asia’s crypto scene, Malaysia has officially greenlit Ethereum custody services without requiring prior approval from the Securities Commission (SC). This marks a major regulatory shift and simplifies the process for companies looking to offer ETH custody solutions in the country.
Previously, firms needed to go through regulatory hurdles and await clearance from the SC before handling client assets like Ethereum. The removal of this requirement is seen as a step toward fostering a more innovation-friendly crypto environment in Malaysia.
A Boost for Local and Global Web3 Firms
The regulatory change is expected to accelerate the entry of Web3 startups, exchanges, and custodians into the Malaysian market . Without the bottleneck of pre-approval, businesses can now move faster in rolling out ETH custody services for retail and institutional clients alike.
This policy update also places Malaysia ahead of many countries in the region when it comes to digital asset regulation . It could encourage more blockchain and DeFi projects to consider the country as a hub for their Southeast Asian operations.
Malaysia Signals Crypto-Friendly Intentions
Malaysia’s move aligns with a broader global trend of loosening regulatory restrictions to attract crypto innovation. By allowing Ethereum custody without the red tape, the country is signaling its intent to become a key player in the Web3 space.
While some caution remains around investor protection and compliance, the decision reflects a balance between regulatory oversight and industry growth. It’s a win for crypto entrepreneurs—and a bullish sign for Ethereum adoption across Asia.
Read Also:
- Saylor: “The Road Is Clear for Bitcoin and Banking”
- Malaysia Greenlights Ethereum Custody Without SEC Nod
