Cuscapi’s associate MX Global receives approval from Securities Commission Malaysia to trade Worldcoin (WLD) token, which joins the list of permitted digital assets alongside major cryptocurrencies. Worldcoin, an iris biometric cryptocurrency, aims to provide secure online authentication despite facing privacy concerns.
13 May 2024 – Cuscapi Bhd, a digital business solutions provider, has announced that the Securities Commission Malaysia (SC) has granted approval to its associate company, MX Global Sdn Bhd, to facilitate trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.
Worldcoin (WLD) will now join the list of permitted digital assets for trading, which 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), according to a filing by Cuscapi to the stock exchange.
MX Global, one of the six recognized market operator-digital asset exchanges (RMO-DAX) in Malaysia, received SC’s approval to operate in July 2021.
In March 2022, MX Global announced an undisclosed equity investment from cryptocurrency exchange Binance, with Cuscapi investing RM9 million to subscribe for its redeemable convertible preference shares (RCPS).
Worldcoin (WLD) is an iris biometric cryptocurrency project developed by Tools of Humanity, aiming to provide a reliable online authentication method using World ID and offering free WLD tokens in exchange for iris scans. Over five million people from 120 countries have signed up for the project.
However, Worldcoin has faced privacy concerns, with Portugal’s data regulator ordering a halt to biometric data collection for 90 days, citing risks to citizens’ data protection rights. Despite this, the project continues to progress, with co-founders Sam Altman and Alex Blania discussing the project with Prime Minister Datuk Seri Anwar Ibrahim and Malaysian officials in April, emphasizing their commitment to addressing privacy concerns and working closely with regulators.
According to Binance, one WLD token is currently valued at US$5.89 (approximately RM27.91), with a market capitalization of US$1.23 billion (RM5.83 billion).
[Reference source]
