Malaysia Approves Hata as 5th Licensed Crypto Exchange, Founded by Former Luno Exec to Target Institutions
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Hata received in-principle approval from Securities Commission Malaysia to become the country's 5th regulated digital asset exchange.
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Hata was co-founded by David Low, former executive at Malaysia's largest crypto exchange Luno.
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Hata aims to target institutional investors, businesses, and high-net-worth individuals.
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Hata could launch services in 6-9 months after receiving full approval.
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Hata also received a money broker license allowing it to exchange USD in the Labuan special economic zone.