According to a statement, CyberSecurity Malaysia and MX Global Sdn Bhd have signed a Memorandum of Understanding (MoU) to collaborate on improving cryptocurrency and digital asset exchange (DAX) technology, as well as raising awareness among Malaysian investors. The signing ceremony took place at CyberSecurity Malaysia office in Cyberjaya.
The collaboration further demonstrates the continued growth and development of the digital asset industry, coupled with strong and resilient cybersecurity measures and framework, which will enhance investor confidence in the cryptocurrency and digital asset market in Malaysia.
CyberSecurity Malaysia and MX Global Sdn Bhd share the same view that there is a need to establish and strengthen cooperative efforts related to cybersecurity, cryptocurrencies and DAX in Malaysia.
The overall objective of this MoU is to establish a general framework for cooperation in the areas of technology behind cryptocurrencies/digital assets and DAX. This includes collaboration in research and development, joint solution development activities, and conducting training and awareness programs related to cybersecurity, cryptocurrencies, and DAX in Malaysia.
YBhg. Dato’Ts. Dr. Haji Amirudin Abdul Wahab FASc, CEO of CyberSecurity Malaysia, said, “Digital technologies have advanced faster than any innovation in our history, transforming our lives as well as the global economy towards the online channel. Even our money is digitized as most of us use credit cards, bank transfers, e-wallets and now digital transfers through 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 insurance. risks, cyber risk assessment and cyber threat management; to facilitate cyber resilience of digital asset trading and protect Malaysian stakeholders. The two entities will collaborate on cybersecurity, 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 these days, but users need to be vigilant on several fronts, including protecting their own security when dealing with cryptocurrencies. To that end, we are honored to be able to draw on CyberSecurity Malaysia’s vast experience in cybersecurity, take what they have learned in the general digital space, and translate that into what we hope will be the best practices in the digital asset space.