Binance will partner with Malaysia's digital asset exchange to expand its presence there

Binance is open to partnering with a Malaysian digital asset trading platform to accelerate the adoption of digital assets in the country, BlockBeats reported on June 6. CZ, Binance's chief executive, says the plan is to "go global through localization". This will involve working with partners and regulators to shape safe ecosystems to encourage mass adoption. "Protecting users will cost a lot of money in the short term, but it will be a big win in the long term," Zhao changpeng said at a recent conference on crypto market Trends and future Opportunities organized by Malaysian digital asset trading platform MX Global. As Previously reported by BlockBeats, on March 1, MX Global SdN.Bhd. (MX Global), a Malaysian digital asset trading platform, announced an equity investment in Binance, Investment in the company's redeemable convertible Preferred Shares (RCPS) with Cuscapi Berhad, a Digital business solutions provider based in Malaysia. This financing will enable MX Global to raise its profile, add team members and develop new features in Malaysia. It is learnt that MX Global received full approval from the Securities Commission of Malaysia (SC) in July 2021.