Introduction to Digital Assets
Digital assets like cryptocurrencies and non-fungible tokens (NFTs) have surged in popularity among investors in recent years. These assets broadly fall into two categories:
- Digital Tokens: Representations recorded on distributed digital ledgers (e.g., utility tokens).
- Digital Currency: Blockchain-based mediums of exchange (e.g., Bitcoin, Ethereum).
In Malaysia, investors can trade these assets through SC-regulated Digital Asset Exchanges (DAX).
What Is a Digital Asset Exchange (DAX)?
A DAX is an electronic platform enabling the trading of permitted digital assets, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
All investors must complete an onboarding process before trading on a DAX.
👉 Explore trusted DAX platforms for seamless trading.
Benefits of Regulated DAX Platforms
1. Investment Protection
Funds are held in separate trust accounts, safeguarding investments even if the DAX faces issues.
2. Regulatory Accountability
Licensed DAXs undergo rigorous scrutiny to ensure compliance with Malaysian laws. Investors can seek redress through the Securities Commission Malaysia (SC) if disputes arise.
FAQs
Q1: How do I start trading on a DAX?
A: Complete the onboarding process on your chosen DAX platform, including identity verification.
Q2: Are DAX platforms safe?
A: Regulated DAXs adhere to strict security protocols and segregate client funds for protection.
Q3: Which digital assets can I trade?
A: Permitted assets vary by platform but typically include major cryptocurrencies like BTC and ETH.
👉 Discover top-tier DAX services for secure digital asset trading.
Conclusion
Investing via regulated DAX platforms offers security, transparency, and legal recourse. Always verify a DAX’s registration status on the SC’s official website before trading.
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### Notes:
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