Malaysia Proposes Crypto Exchange Rules Overhaul To Boost Competitiveness
Malaysia's Securities Commission is revamping its digital asset exchange framework to enhance market competitiveness and investor protection. The regulator has opened a public consultation on proposed reforms, citing a 2.6x surge in crypto trading volume to RM13.9 billion ($3.31 billion) last year.
Regulated exchanges face stiff competition from unlicensed platforms offering wider token selections and better pricing. Current rules restrict approved exchanges to listing only pre-approved cryptocurrencies, with the SC retaining oversight powers. Retail investors dominate trading activity, while institutional participation remains limited.