Malaysia Approves WLD Token Trading on Digital Asset Exchanges
Good news for crypto enthusiasts in Malaysia! The Securities Commission Malaysia (SC) has given the green light for the trading of the WLD token on digital asset exchanges approved by the SC.
Cuscapi Announces Approval for WLD Token Trading
- Malaysian digital business solutions provider Cuscapi revealed that its associate company, MX Global, received approval on May 9 for the trading of the WLD token.
- In March 2022, MX Global secured an undisclosed equity investment from the renowned cryptocurrency exchange Binance.
WLD Token Joins List of Approved Digital Assets
- The WLD token now stands as the 14th digital asset permitted for trading in Malaysia.
- Other cryptocurrencies on the approved list include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Polygon (MATIC), and Solana (SOL).
Strategic Expansion and Government Engagement
- In light of this development, discussions were held regarding the strategic expansion of the WLD token.
- Alex Blania, the lead developer of Worldcoin and CEO of Tools of Humanity, engaged with key Malaysian government officials to explore opportunities.
Regulatory Uncertainty and Privacy Concerns on Worldcoin
The Worldcoin project has triggered concerns surrounding privacy and regulatory uncertainty in various jurisdictions. Recently, Portugal’s data oversight authority, CNPD, issued a directive instructing the WLD token to pause biometric data collection for 90 days due to potential risks to data protection rights.
Despite these concerns, Ethereum co-founder Vitalik Buterin commended Worldcoin’s efforts in prioritizing user data privacy and implementing robust cryptographic measures to safeguard confidentiality.
Hot Take: Striking a Balance Between Innovation and Privacy Protection
As the crypto landscape evolves, the need to balance innovation with privacy protection becomes increasingly paramount. The approval of the WLD token for trading in Malaysia underscores the growing recognition of digital assets in mainstream financial markets.
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