The world's largest cryptocurrency exchange Binance faced big problems last year. It was forced to curtail the service of traders in several countries at once under pressure from supervisory authorities.
This year, Binance suspended operations in Israel as local authorities demanded that it comply with its anti-money laundering laws.
But the company was able to return to the Malaysian market, which it left last summer also under pressure from local authorities.
Trending: Salvadorans are against buying bitcoins at the expense of the budget
Binance has acquired a stake in MX Global, a crypto company registered in the country as a digital service provider. The Malaysian Securities Commission issued a license to this company as part of the industry regulation legislation.
Now Binance will try to gain a foothold in this market, where the amount of capital investment in cryptocurrencies has increased significantly, said the CEO of the exchange, Changpeng Zhao.
The Binance press service told reporters: "Binance cooperates with regulators. She also works with regulated platforms and supports local businesses by teaming up with them."