According to ChainCatcher, Crowdfundinsider reported that the Securities Commission of Malaysia (SC) issued a consultation document on July 1, proposing a comprehensive reform of the Digital Asset Exchange (DAX) regulatory framework.
The new regulations will allow eligible digital assets to be listed without prior approval, while requiring exchanges to improve governance standards, mandatorily isolate customer assets, and meet higher financial thresholds. The aim is to accelerate the token listing process, expand product offerings, and enhance investor protection. Digital asset trading in Malaysia reached a record 13.9 billion ringgit (approximately $2.9 billion) in 2024, doubling the previous year's figure. The public consultation period will continue until August 11, 2025.
