Everus to clarify on SC’s List of Digital Asset Exchanges in Transitional Period

KUALA LUMPUR, 7th March 2019 — In light of the Securities Commission Malaysia’s (“SC”) announcement on the list of Digital Asset Exchanges (“DAX”) in transitional period as at 1st March 2019 in Malaysia, Everus Technologies Sdn Bhd (“Everus” or “Company”) is taking this opportunity to clarify that the Company does not fit into the category as a DAX operator as defined under Chapter 15 of the Securities Commission Malaysia’s Guidelines on Recognized Markets (“Guidelines”).

The Guidelines are issued by the country’s securities governing body to enforce regulatory measures on authorized/licensed recognized market operators (‘RMO’), specifically DAX operator. As per the Guidelines, the definition of DAX means an electronic platform which facilitates the trading of a Digital Asset. It is also provided for that these guidelines do not apply to a technology service provider who merely provides the infrastructure or software.

Read the full press release here.