CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-07-01 09:51:44

Malaysia proposes major overhaul of crypto exchange rules

Malaysia is planning an overhaul of its regulatory framework for digital asset exchanges, aiming to expedite token listings and enhance investor safeguards. On Monday, Malaysia’s Securities Commission has released a consultation paper proposing significant updates to its regulations for digital asset exchanges (DAX). Key changes include permitting certain digital assets to be listed on DAX platforms without the SC’s prior approval, provided they satisfy set eligibility criteria. The regulator also plans stricter governance and operational requirements for exchange operators, such as mandatory segregation of client assets and higher financial thresholds. The SC is collecting public feedback on the proposals from stakeholders across the industry, including issuers, exchanges, financial institutions, and legal professionals. The consultation period will run from June 30 to August 11. You might also like: Malaysia’s Securities Commission cracks down on Bybit for operating without registration The proposed reforms build on the SC’s earlier efforts to tighten oversight of the digital asset industry and ensure market integrity. They follow a series of enforcement actions against unlicensed crypto exchanges operating in Malaysia without the regulator’s Recognised Market Operator (RMO) status, as required under the Capital Markets and Services Act 2007. In December last year, the SC took action against Bybit and its chief executive, ordering them to cease all operations and marketing in Malaysia for running an unlicensed digital asset platform. In 2023, the SC ordered Huobi Global to cease operations in Malaysia for failing to register as an RMO. The proposed DAX reforms also come at a time of significant growth in Malaysia’s digital asset sector since the introduction of the DAX framework in 2019. In 2024, trading volumes soared to a record RM13.9 billion ($2.9 billion), more than doubling compared to the previous year. According to the SC, there has been increased participation from institutional investors and traditional capital market intermediaries, both through direct investments and fund-based exposure. You might also like: Malaysia’s central bank eyes asset tokenisation, says crypto represent less than 1% of bank deposits

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta