Malaysia Crypto Regulations: A Revolutionary Shift in Digital Asset Listing

Key Points

1. SC Malaysia's new proposal allows digital assets to be listed on exchanges without prior approval if they meet certain qualification criteria, a shift from the previous requirement for explicit approval.

2. The framework aims to balance innovation with investor protection by implementing tighter controls on exchanges, including enhanced monitoring and compliance measures.

3. Key proposed changes include moving from a prior approval system to a criteria-based approach for crypto listings and updating exchange control guidelines.

4. The shift is expected to promote cryptocurrency adoption by providing a more predictable regulatory environment for users and businesses.

5. SC Malaysia will need to employ regulatory technology (RegTech) to effectively monitor digital asset risks under the new framework.