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Malaysia Plans to Reform Regulation of Digital Asset Exchanges, Simplify Token Listing Process
Summary: According to Crowdfundinsider, the Securities Commission of Malaysia (SC) released a consultation paper on July 1 proposing a comprehensive reform of the regulatory framework for Digital Asset Exchanges (DAX). The new rules will allow eligible digital assets to list without prior approval, while requiring exchanges to enhance governance standards, enforce customer asset segregation, and meet ...
According to Crowdfundinsider, the Securities Commission of Malaysia (SC) released a consultation paper on July 1 proposing a comprehensive reform of the regulatory framework for Digital Asset Exchanges (DAX). The new rules will allow eligible digital assets to list without prior approval, while requiring exchanges to enhance governance standards, enforce customer asset segregation, and meet higher financial thresholds. This is aimed at speeding up the token listing process, expanding product offerings, and enhancing investor protection. Malaysia's digital asset trading reached a record 13.9 billion ringgit (approximately 2.9 billion USD) in 2024, doubling from the previous year. The public consultation period will continue until August 11, 2025.
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Link: Malaysia Plans to Reform Regulation of Digital Asset Exchanges, Simplify Token Listing Process [Copy]
