Malaysia proposes major overhaul of crypto exchange rules
2025-07-01 10:04:01
Main Idea
Malaysia's Securities Commission is introducing key changes to digital asset regulations, including allowing certain digital assets to be listed on DAX platforms without prior approval, alongside stricter governance measures.
Key Points
1. Certain digital assets can be listed on DAX platforms without prior SC approval if they meet eligibility criteria.
2. The regulator is implementing stricter governance measures for digital asset platforms.
3. The SC has taken action against unlicensed platforms like Bybit and Huobi in Malaysia.
4. Malaysia's digital asset sector has seen significant growth, with trading volumes reaching RM13.9 billion ($2.9 billion) in 2024.
5. The reforms come amid the sector's expansion since the introduction of the DAX framework in 2019.
Description
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 al...
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