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Malaysia Proposes Crypto Exchange Rules Overhaul To Boost Competitiveness – Details

2025-07-02 08:18:50

Main Idea

Malaysia's Securities Commission proposes an overhaul of crypto exchange regulations to enhance market competitiveness and investor protection, following significant growth in the crypto trading market.

Key Points

1. Malaysia's Securities Commission (SC) has published a consultation framework for Digital Asset Exchanges (DAX) to update regulations introduced in 2019.

2. The total trading value of cryptocurrencies in Malaysia increased 2.6 times in 2023 compared to the previous year, reaching RM13.9 billion.

3. The proposed regulatory changes aim to strengthen DAX operators' requirements and improve the credibility of the crypto market.

4. Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, supports updating the regulatory framework to recognize cryptocurrency and blockchain technology in the country.

5. The reform is part of Malaysia's efforts to remain competitive in the international crypto market and safeguard investor interests.

Description

The Malaysian regulator is seeking public feedback on its proposed reform of the country’s crypto exchange framework, aiming to enhance the market’s competitiveness and improve investors’ protection. Securities Commission Seeks Feedback On Monday, Malaysia’s Securities Commission (SC) published a consultation paper seeking the public’s feedback on the proposed changes to the regulatory framework for Digital Asset Exchange (DAX). The regulator explained that Malaysia’s crypto market has grown sin...

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Crypto News bitcoin btc BTCUSDT Crypto Exchange Rules crypto framework overhaul Crypto Market Crypto Regulations Malaysia Crypto Malaysia government Malaysia Securities Commission Securities Commission
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