Bit-Z and Bit-M Settled in Malaysia and Obtained a Business License
Bit-Z Group now has a new strategic partner, Bit-M. As a new member of the Bit-Z Global Ecology Alliance, Bit-M will be located in Malaysia. It is reported that Bit-M is the first exchange to obtain permission from the local Ministry of Finance to conduct legal fiat transactions. This means that the Bit-Z Global Ecology Alliance will take another step to further penetrate the Southeast Asian market.
The Bit-Z Ecology Alliance cooperation model is part of the Bit-Z Group and was officially launched in September this year. Bit-Z acquired the legal rights to operate in the Philippines through the first strategic alliance partner Bitkop. The acquisition of the Bit-M Malaysian license not only means that Bit-Z attaches importance to and deepens the Southeast Asian market, but also means that the local business operations will be legally and effectively carried out under the supervision of local government departments.
At the same time, Bit-M's future business operations and capital flows will be strictly regulated by the banking system, which is of great significance for the effective protection of user assets. It is an effective link between Bit-Z Group and the ecological closed-loop for the value of digital assets. It is reported that Bit-M is located in Kuala Lumpur, the capital of Malaysia, and will open in the near future.
The Bit-Z Ecology Alliance aims to find global digital asset trading partners and create an open, compliant trading platform in new markets. Bit-Z will provide partners with multi-dimensional cooperation services such as technical services, transaction construction, operation plans and ecological sharing. At the same time, partners will get the resources and experience accumulated by the Group in the field of digital assets with Bit-Z to promote the development of the blockchain industry, to help the industry develop healthily and builds the ecological closed-loop of Bit-Z Group to achieve a win-win situation. Bit-Z Ecological Alliances will be launched globally in the future.
Bit-Z Group CEO Chang Shun said that Malaysia has a large population base, a relatively open digital monetary policy and a good user base. We hope to promote the popularization and development of blockchain technology while further exploring the local market; Bit-Z will provide professional and compliant services to users. We are looking forward to opening a new chapter in the digital currency field with Bit-M, and the future market expansion will hit more sparks.
After the launch of the strategic layout at the beginning of this year, Bit-Z began to enter the international market on a large scale and has now expanded to more than ten countries and regions around the world. Bit-Z will hold the Global Ecology Alliance and Strategic Layout Conference in Seoul, South Korea on November 16th, which will release the group's new global development strategy and layout.
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Nov 7, 2018