[{"data":1,"prerenderedAt":108},["ShallowReactive",2],{"/blog/binance-returns-mx-global-investment-2022":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":97,"coverPics":18,"date":98,"description":99,"extension":100,"meta":101,"navigation":102,"path":103,"seo":104,"stem":105,"type":106,"__hash__":107},"blogs/blog/binance-returns-mx-global-investment-2022.md","Binance buys its way back into Malaysia — the regulated way","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":88},"minimark",[11,19,22,41,46,53,56,60,63,68],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Exchange desk","/img/blog/gen/binance-returns-mx-global-investment-2022.svg",[12,20,21],{},"Seven months after being ordered out of Malaysia, Binance is back — through the front door this time.",[12,23,24,28,29,32,33,36,37,40],{},[25,26,27],"strong",{},"MX Global",", Malaysia's fourth licensed digital asset exchange, today announced an equity investment from ",[25,30,31],{},"Binance",", alongside ",[25,34,35],{},"Cuscapi Berhad",", which subscribed to ",[25,38,39],{},"RM9 million"," of redeemable convertible preference shares. The size of Binance's stake was not disclosed.",[42,43,45],"h2",{"id":44},"from-reprimand-to-partnership","From reprimand to partnership",[12,47,48,49,52],{},"The symmetry is hard to miss. In July 2021, the SC publicly reprimanded Binance and ordered it to disable its platforms for Malaysians. Today, Binance CEO ",[25,50,51],{},"Zhao Changpeng"," says partnering with MX Global will be \"a springboard to new opportunities, both in Malaysia and the region.\"",[12,54,55],{},"It mirrors Binance's playbook elsewhere — notably its Gulf Energy partnership route back into Thailand: when a market locks the direct door, invest in a licensed local operator instead.",[42,57,59],{"id":58},"what-it-means","What it means",[12,61,62],{},"For MX Global, the deal brings capital, liquidity know-how and global brand association. For the market, it validates the SC's perimeter: even the world's largest exchange concluded that the only way to serve Malaysians is through a regulated local entity. That is exactly how a licensing regime is supposed to work.",[64,65,67],"h3",{"id":66},"references","References",[69,70,71,81],"ul",{},[72,73,74],"li",{},[75,76,80],"a",{"href":77,"rel":78},"https://fintechnews.my/30787/blockchain/binance-takes-strategic-stake-in-malaysian-crypto-exchange-mx-global/",[79],"nofollow","Fintech News Malaysia — \"Binance takes strategic stake in Malaysian crypto exchange MX Global\" (1 Mar 2022)",[72,82,83],{},[75,84,87],{"href":85,"rel":86},"https://theedgemalaysia.com/article/mx-global-secures-capital-injections-binance-and-cuscapi-fund-growth-plans",[79],"The Edge Malaysia — \"MX Global secures capital injections; Binance and Cuscapi fund growth plans\" (Mar 2022)",{"title":89,"searchDepth":90,"depth":90,"links":91},"",2,[92,93],{"id":44,"depth":90,"text":45},{"id":58,"depth":90,"text":59,"children":94},[95],{"id":66,"depth":96,"text":67},3,"News","2022-03-01","Seven months after the SC ordered it out, Binance takes an equity stake in licensed local exchange MX Global, alongside Cuscapi Berhad's RM9 million investment.","md",{},true,"/blog/binance-returns-mx-global-investment-2022",{"title":5,"description":99},"blog/binance-returns-mx-global-investment-2022","blog","hitgQucVvAlr2hG-sbT0AJisBykzjT7uGyKYm84OsTI",1784183600177]