Malaysia’s Securities Regulator Proposes Streamlined Crypto Listing Framework

Malaysia's Securities Commission has unveiled proposed amendments to its Digital Asset Exchange (DAX) framework, potentially allowing exchanges to list certain cryptocurrencies without prior regulatory approval. The MOVE comes as trading volumes on Malaysian platforms more than doubled to RM13.9 billion ($3.31 billion) in 2024.

The revised framework shifts accountability to exchange operators while maintaining safeguards that have protected Malaysia from major crypto collapses. "The current regulations have provided appropriate investor protections while enabling growth," stated the Commission's consultation paper, noting the framework requires updating to accommodate surging institutional and retail interest.

Under the proposed changes, exchanges could autonomously list assets meeting minimum criteria—a policy designed to accelerate product launches and expand market offerings. The amendments reflect Malaysia's measured approach to crypto regulation, balancing innovation with consumer protection in a rapidly evolving sector.