13 SEPTEMBER 2022, CYBERJAYACyberSecurity Malaysia and MX Global Sdn Bhd signed a Memorandum of Understanding (MoU) to collaborate on enhancing the technology of cryptocurrencies and Digital Asset Exchanges (DAXes), as well as spreading awareness among Malaysian investors. The signing ceremony took place at the office of CyberSecurity Malaysia in Cyberjaya.


The collaboration further demonstrates the continuous growth and development of the Digital Assets industry, coupled with strong and resilient cyber security measures and framework, which will bolster investor confidence in the cryptocurrency and Digital Assets market in Malaysia. 


Both CyberSecurity Malaysia and MX Global Sdn Bhd share the same view that it is necessary to establish and strengthen cooperative efforts relating to cyber security, cryptocurrencies and DAXes in Malaysia.


The overall objective of this MoU is to establish a general framework for cooperation in the areas of the technology behind cryptocurrencies/Digital Assets and DAXes. This includes collaboration in research & development, joint solution development activities and conducting training & awareness programs related to cyber security, cryptocurrencies, and DAXes in Malaysia.


YBhg. Dato’ Ts. Dr Haji Amirudin Abdul Wahab FASc, CEO of CyberSecurity Malaysia said “Digital technologies have advanced more rapidly than any innovation in our history transforming our lives as well as world economy towards the online channel. Even our money is digitalized as most of us spend using credit cards, bank transfers, electronic wallets, and now digital transfer via cryptocurrencies. Thus, the MoU between MX Global Sdn Bhd and CyberSecurity Malaysia is timely to establish and promote collaboration in cryptocurrencies and digital asset exchanges as well as increased awareness among Malaysians on cyber risk assurance, cyber risk assessment and managing cyber risk threats; to facilitate cyber resiliency of digital asset exchanges as well as safeguard Malaysian stakeholders. Both entities will collaborate on cyber security, cryptocurrencies and digital asset exchanges, training, and awareness programs.” 



Commenting on the MoU, YBhg. Dato’ Fadzli Shah Anuar, CEO of MX Global Sdn Bhd, said “Cryptocurrencies are a hot topic in this day and age, but users must be vigilant on multiple fronts including safeguarding their own security when dealing with cryptocurrencies. To this end, we are honoured to be able to draw from CyberSecurity Malaysia’s extensive experience in cybersecurity, to take what they have learnt in the general digital space and translate that into what we hope would be best practices in the Digital Assets space.”


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The high degree of leverage can work against you as well as for you. Before deciding to trade with MX Global, you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor.


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