Malaysian Securities Commission Plans to Reform Digital Asset Exchange Regulations

According to Jinse Finance, the Securities Commission Malaysia (SC) released a consultation paper on July 1, proposing a comprehensive overhaul of the regulatory framework for Digital Asset Exchanges (DAX). The new regulations will allow eligible digital assets to be listed without prior approval, while requiring exchanges to raise governance standards, enforce mandatory segregation of client assets, and meet higher financial thresholds. This move aims to accelerate the token listing process, expand product offerings, and enhance investor protection. In 2024, digital asset trading in Malaysia reached a record 13.9 billion ringgit (approximately $2.9 billion), double that of the previous year. The public consultation period will run until August 11, 2025.