Thursday, July 31, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Cryptocurrency

Binance Reprimanded By Securities Commission For Illegally Operating In Malaysia

The cryptocurrency exchange has been slapped with a cease-and-desist order and barred further operations.

by John Law
July 30, 2021
1k
SHARES
Share on FacebookShare on Twitter

The Securities Commission Malaysia (SC) announced that it is taking enforcement actions against the cryptocurrency exchange, Binance. The financial regulatory body accused Binance of illegally running its Digital Asset Exchange (DAX) services in Malaysia.

As a quick primer, Binance is not officially registered as a Recognized Market Operator (RMO) within the country and as such, is in violation of Sections 7(10 and 34(1) of the Capital Markets and Services Act 2007.

In conjunction with the reprimand, the SC issued cease-and-desist orders against five entities: Binance Holdings Limited, Zhao Changpeng, CEO of Binance, Binance Digital Limited, Binance UAB, and Binance Asia Services. To that end, the SC has ordered Binance to disable its official website and all corresponding mobile apps in Malaysia, within 14 business days starting 26 July 2021.

(Image source: Getty via Engadget.)

In addition, the cryptoexchange must also cease all media and marketing activities in Malaysia immediately. This includes circulating, publishing, or sending of any advertisements and marketing material to investors in Malaysia. Lastly, it must actively restrict Malaysian investors from accessing its official Telegram group.

At current, only three DAX in Malaysia have permission to operate in Malaysia. The first and most popular of the three is Luno, while the other two entities are SINEGY and Tokenize.

(Source: Securities Commission)

Filed Under Binancescsecurities commission malaysia
Updated 6:36 pm, Fri, 30 July 21
http://lowy.at/jpjDi
Share406Tweet254SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    News

    Intel To Consolidate Chip Assembly And Test Operations In Malaysia

  2. 2
    Action Cameras

    AKASO 360 Lands In Malaysia; Starts From RM899

  3. 3
    Hardware

    Hypershell Exoskeleton Now Available In Malaysia From RM4,999

  4. 4
    Automotive

    Proton Launches New Facelifted X50; Staring Price RM89,900

  5. 5
    Random As It Gets

    Someone Patented This Controller Design

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.