Malaysia plans to reform the regulation of digital asset exchanges and simplify the token listing process

ChainCatcher news, according to Crowdfundinsider, the Securities Commission of Malaysia (SC) released a consultation paper on July 1, proposing a comprehensive reform of the regulatory framework for Digital Asset Exchanges (DAX).

The new regulations will allow eligible digital assets to be listed without prior approval, while requiring exchanges to enhance governance standards, mandate customer asset segregation, and meet higher financial thresholds. This move aims to accelerate the token listing process, expand product offerings, and enhance investor protection. Malaysia's digital asset trading reached a record 13.9 billion ringgit (approximately 2.9 billion USD) in 2024, doubling from the previous year. The public consultation period will last until August 11, 2025.