[{"data":1,"prerenderedAt":121},["ShallowReactive",2],{"/blog/hata-full-approval-launch-2024":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":110,"coverPics":18,"date":111,"description":112,"extension":113,"meta":114,"navigation":115,"path":116,"seo":117,"stem":118,"type":119,"__hash__":120},"blogs/blog/hata-full-approval-launch-2024.md","Hata goes live — full SC approval, zero maker fees, ten tokens at launch","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":101},"minimark",[11,19,22,38,43,54,58,69,74],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Exchange desk","/img/blog/gen/hata-full-approval-launch-2024.svg",[12,20,21],{},"Malaysia's fifth licensed exchange is no longer conditional.",[12,23,24,25,29,30,33,34,37],{},"The Securities Commission has upgraded ",[26,27,28],"strong",{},"Hata Digital"," to full approval, and its MYR exchange is now live with ",[26,31,32],{},"more than ten SC-approved tokens",". The launch pricing is designed to be noticed: ",[26,35,36],{},"0% maker fees",", taker fees of 0.1–0.4%, and a RM250,000 daily withdrawal limit.",[39,40,42],"h2",{"id":41},"from-luno-alumni-to-luno-rivals","From Luno alumni to Luno rivals",[12,44,45,46,49,50,53],{},"Founded by former Luno APAC general manager ",[26,47,48],{},"David Low"," with Darien Ng and KK Chong, Hata completed its compliance runway in nine months from October's conditional approval. It remains the only Malaysian operator holding both DAX and ",[26,51,52],{},"digital broker"," registrations, plus a Labuan money-broking licence for a USD venue.",[39,55,57],{"id":56},"the-capital-follows","The capital follows",[12,59,60,61,64,65,68],{},"In October, Hata closed a ",[26,62,63],{},"US$4.2 million Series A co-led by Bybit"," — a striking investor choice, given the SC's posture toward unregistered offshore exchanges — and announced a partnership with ",[26,66,67],{},"pitchIN"," to enable secondary trading of locally issued tokens. That last piece matters most to us: primary token fundraising on pitchIN plus secondary liquidity on a licensed exchange is the full lifecycle Malaysia's framework promised back in 2020.",[70,71,73],"h3",{"id":72},"references","References",[75,76,77,87,94],"ul",{},[78,79,80],"li",{},[81,82,86],"a",{"href":83,"rel":84},"https://www.blockhead.co/2024/07/24/hata-secures-crypto-exchange-license-in-malaysia/",[85],"nofollow","Blockhead — \"Hata secures crypto exchange license in Malaysia\" (24 Jul 2024)",[78,88,89],{},[81,90,93],{"href":91,"rel":92},"https://ringgitplus.com/en/blog/personal-finance-news/hata-secures-full-approval-from-securities-commission-malaysia-to-launch-its-exchange.html",[85],"RinggitPlus — \"Hata secures full approval from Securities Commission Malaysia\" (26 Jul 2024)",[78,95,96],{},[81,97,100],{"href":98,"rel":99},"https://technode.global/2024/10/04/malaysias-pitchin-partners-hata-to-enhance-trading-of-locally-issued-digital-assets-and-tokens/",[85],"TechNode Global — \"Malaysia's pitchIN partners Hata\" (4 Oct 2024)",{"title":102,"searchDepth":103,"depth":103,"links":104},"",2,[105,106],{"id":41,"depth":103,"text":42},{"id":56,"depth":103,"text":57,"children":107},[108],{"id":72,"depth":109,"text":73},3,"News","2024-07-24","Nine months after conditional approval, Hata's MYR exchange launches with 10+ SC-approved tokens and an aggressive fee structure — and Bybit later co-leads its US$4.2 million Series A.","md",{},true,"/blog/hata-full-approval-launch-2024",{"title":5,"description":112},"blog/hata-full-approval-launch-2024","blog","ccqLOM-k7-adRz3yRIiWYISR3iE4dpUl_hF4JyP9FMo",1784183599834]