Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Malaysia Crypto Trading Hits Record $2.9B as Regulator Proposes Sweeping DAX Reforms

by
July 1, 2025
in Crypto News
0
Malaysia Crypto Trading Hits Record $2.9B as Regulator Proposes Sweeping DAX Reforms
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Malaysia’s Securities Commission (SC) has proposed sweeping changes to its digital asset exchange (DAX) regulatory framework. This follows a sharp rise in digital asset trading, which hit a record RM13.9 billion ($2.9 billion) in 2024, more than double the volume recorded in 2023.

According to the consultation paper released by the commission, the proposed updates aim to reduce time-to-market for new tokens while enhancing governance, investor protection, and platform resilience.

Public Consultation: Enhancing the Digital Asset Exchange (DAX) Framework

Consultation is open 30 June – 11 August 2025.

Full media release: https://t.co/uQPeQadh7B
Consultation Paper: https://t.co/AGXjbEamRW

Questions? Email us at aFINity@seccom.com.my pic.twitter.com/FyQiY5UWFe

— SC Malaysia (@SecComMalaysia) June 30, 2025

Notably, Malaysia’s digital asset market has grown significantly since the DAX framework was introduced in 2019. The surge in trading volume in 2024 was linked to growing interest from both retail investors and institutional participants.

The SC also highlighted increasing involvement from traditional capital market intermediaries, who are gaining exposure to crypto assets through direct investment and fund-based channels.

Malaysia Proposes Faster Listings with Eligibility Criteria Among Other Reforms

Under the proposed reforms, certain tokens may be listed on regulated DAX platforms without first securing the SC’s approval. This change would only apply to digital assets that meet predefined eligibility standards.

According to the regulator, it seeks to cut down regulatory delays and allow exchanges to respond more quickly to market demand. At the same time, DAX operators would bear greater responsibility for ensuring that listed assets comply with legal and risk requirements.

The SC also plans to introduce enhanced governance obligations. DAX operators would be required to segregate client assets from their own operational funds. This move seeks to prevent misuse and bolster trust among users.

SC also noted that operational control standards would also be upgraded to reflect the unique risks of trading digital assets. This includes more stringent oversight of internal processes and improved risk management systems.

Another key aspect of the proposal is raising financial thresholds for licensed DAX operators. The SC said the changes are intended to reinforce the operational and financial resilience of exchanges.

Stronger capital requirements would help ensure that platforms can withstand market shocks and fulfill obligations to clients. The regulator believes this will boost investor confidence and contribute to a more stable trading environment.

Malaysia Ramps Up Crypto Reform Efforts Amid Surge in Mining-Linked Power Theft and Regulatory Gaps

The consultation period runs from June 30 to August 11, 2025 and notably, these proposed changes form part of the SC’s broader strategy to keep Malaysia’s digital asset ecosystem competitive and secure.

The consultation comes amid wider government efforts to position Malaysia at the forefront of responsible fintech innovation. In March 2025, Bank Negara Malaysia (BNM) announced plans to explore asset tokenization and digital asset technologies.

Malaysia’s central bank will explore asset tokenization and digital assets, collaborating with the private sector on potential use cases for tokenized deposits and CBDCs.#BankNegaraMalaysia #CBDChttps://t.co/FAnsrg2yY6

— Cryptonews.com (@cryptonews) March 24, 2025

This will focus on collaboration with the private sector and use cases such as tokenized deposits and CBDCs, as outlined in its 2022-2026 financial sector blueprint.

Despite its progressive stance, the central bank cautioned that cryptocurrencies are still not legal tender due to their risks. This cautious approach was echoed in the SC’s recent enforcement actions, which targeted unlicensed foreign crypto exchanges such as Bybit and Huobi Global for operating without registration.

Malaysia has directed @Bybit_Official to disable its website and mobile applications in the country, citing enforcement actions against the exchange.#Bybit #Malaysiahttps://t.co/RfuIef4vLE

— Cryptonews.com (@cryptonews) December 30, 2024

Continuous crypto regulations in Malaysia is understandable as crypto scams and theft surge. Tenaga Nasional Berhad (TNB) reported a 300% rise in power theft linked to illegal crypto mining.

There were 610 detected cases of power thefts in 2018, linked to illegal crypto mining, which surged to 2,397 in 2024, Malaysia TNB noted.#MalaysiaCryptoMining #BitcoinMining #ElectricityConsumptionhttps://t.co/Xmnl4pXXhx

— Cryptonews.com (@cryptonews) May 12, 2025

This figure rose from 610 cases in 2018 to 2,397 in 2024, with around 1,699 crypto-related complaints received between 2020 and 2024. This comes as no regulatory body oversees mining operations.

The post Malaysia Crypto Trading Hits Record $2.9B as Regulator Proposes Sweeping DAX Reforms appeared first on Cryptonews.

Previous Post

DOJ Dismantles North Korea-Linked Crypto Theft Scheme, Defendants Stole Nearly $1M

Next Post

Mystery Wallet Sends $20K to Satoshi Nakamoto’s Address – Accident or Tribute?

Next Post
Mystery Wallet Sends $20K to Satoshi Nakamoto’s Address – Accident or Tribute?

Mystery Wallet Sends $20K to Satoshi Nakamoto’s Address – Accident or Tribute?

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

ASIC Targets ASX: $164M Blockchain Disaster Sparks Expert Panel Probe

June 26, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

Solana Price Prediction: Institutional Demand Hits New High – $1,000 SOL Incoming

June 25, 2025
Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

July 1, 2025
Why Plugging OpenAI into DeFi Isn’t Enough

Why Plugging OpenAI into DeFi Isn’t Enough

July 1, 2025
Equity Metals: Advancing High-grade, District-scale Silver and Gold Assets in British Columbia

Equity Metals: Advancing High-grade, District-scale Silver and Gold Assets in British Columbia

July 1, 2025
South Harz Potash: A Globally Significant European Potash and Critical Minerals Opportunity

South Harz Potash: A Globally Significant European Potash and Critical Minerals Opportunity

July 1, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

    Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL?

    July 1, 2025
    Why Plugging OpenAI into DeFi Isn’t Enough

    Why Plugging OpenAI into DeFi Isn’t Enough

    July 1, 2025
    Equity Metals: Advancing High-grade, District-scale Silver and Gold Assets in British Columbia

    Equity Metals: Advancing High-grade, District-scale Silver and Gold Assets in British Columbia

    July 1, 2025
    South Harz Potash: A Globally Significant European Potash and Critical Minerals Opportunity

    South Harz Potash: A Globally Significant European Potash and Critical Minerals Opportunity

    July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved