SC Malaysia Approves Sam Altman’s Worldcoin Token for Trading on MX Global – Fintech News

SC Malaysia Approves Sam Altman’s Worldcoin Token for Trading on MX Global

by Fintech News Malaysia

May 13, 2024

MX Global, an associate of Cuscapi Berhad, announced that it has received approval from the Securities Commission Malaysia (SC) to enable the trading of the Worldcoin (WLD) token on its digital asset exchange.

The approval, dated 8 May 2024, classifies Worldcoin as a permissible digital asset under Paragraph 15.17 of the Guidelines on Recognised Markets.

With the inclusion of Worldcoin, the list of approved digital assets on the exchange now includes Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Solana (SOL), Uniswap (UNI), Avalanche (AVAX), Polygon (MATIC), Polkadot (DOT), and Cosmos (ATOM), all available for trading subject to regulatory conditions.

Worldcoin is a cryptocurrency token developed as part of Sam Altman’s eyeball-scanning digital ID venture, aimed at accelerating the adoption of Proof of Personhood and decentralised finance.

Launched nine months ago, Worldcoin has reportedly already seen significant adoption. According to a recent blog post, over 10 million people across 160 countries have created a World ID and a compatible wallet, with these being used to conduct 75 million transactions.

MX Global is one of six registered market operators for digital asset exchanges (RMO-DAX) in Malaysia.


Featured image credit: Edited from Freepik

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