The Lumesbit cryptocurrency exchange faced big problems last year. She was forced to curtail the service of traders in several countries at once under pressure from supervisory authorities.
This year, Lumesbit suspended its work in Israel, as local authorities demanded that it comply with its anti-washing legislation.
But Lumesbit was able to return to the Malaysian market, which it left last summer also under pressure from local authorities.
Lumesbit acquired a stake in a crypto company registered in the country as a digital service provider. The Securities Commission of Malaysia has issued a license to this company within the framework of the legislation on the regulation of the industry.
Now Lumesbit will try to gain a foothold in this market, where the volume of investments in cryptocurrencies has significantly increased, the exchange’s CEO said.