Malaysia Launches Enforcement Action Against ‘Illegally Operating’ Binance
In brief Malaysia's financial services regulator has taken enforcement action against Binance. The Securities Commission has said Binance is still operating illegally despite being listed on an alert list since July 2020. The Malaysia Securities Commission (SC) has today taken enforcement action against Binance for allegedly operating illegally in the country. The SC claims the crypto exchange is operating illegally as a Digital Asset Exchange, without the requisite registration requirements found in Sections 7(1) and 34(1) of the Capital Markets and Services Act 2007. “Accordingly, the SC has issued a public