Coinspeaker
Huobi Ordered to Cease Operations in Malaysia after Failure to Comply with Local Regulations
A leading centralized crypto firm Huobi Global Limited and its Chief Executive Officer Leon Li have been accused of operating a digital asset exchange in Malaysia without registration. As a result, the Securities Commission of Malaysia (SC) has ordered the cryptocurrency exchange to immediately cease operations within its jurisdiction. Notably, the SC has ordered Huobi Global to disable its official website and mobile applications in Malaysia henceforth.
Huobi in Malaysia
The Malaysian regulator has also ordered Li to ensure the exchange does not issue advertisements to local investors through any platform.
“This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests. The SC views this breach seriously, as operating a DAX without obtaining the SC’s registration as a Recognised Market Operator (RMO)
We współpracy z: https://www.coinspeaker.com/huobi-operations-malaysia-regulations/
