The Malaysian Securities Commission has ordered Huobi Global Limited to cease operations in the country

2023-05-22 13:32:58

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ChainCatcher news, the Securities Commission of Malaysia (SC) announced that it has taken action against Huobi Global Limited and its CEO Leon Li, accusing them of operating a digital asset exchange (DAX) in Malaysia without registration. The SC has ordered Huobi Global Limited to cease operations in the country, including disabling its website and mobile applications on multiple platforms such as the Apple Store, Google Play, and any other digital application platforms.

Huobi Global Limited has also been instructed to stop disseminating, publishing, or sending any advertisements to Malaysian investors, whether through email or on social media platforms. Leon Li has been specifically directed to ensure compliance with the above instructions. The SC also urged Malaysian investors who have been using Huobi Global Limited to immediately stop trading on its platform, withdraw all investments, and close their accounts. (Source link)

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