The Malaysian Securities Commission plans to comprehensively reform cryptocurrency trading rules

According to Crowdfunding Insider, the Securities Commission of Malaysia (SC) has proposed a series of regulatory improvement measures to strengthen the framework of the Digital Asset Exchange (DAX). A consultation document released on Monday shows that it intends to allow certain digital assets that meet the minimum qualification requirements to be listed on the DAX platform without prior approval from SC, in order to shorten listing time, expand supply, and enhance the sense of responsibility of exchange operators. The regulatory authorities also plan to strengthen the governance and operational control of DAX operators, enforce the isolation of customer assets, and ensure that operational practices match risks. In addition, DAX operators need to meet higher financial thresholds to enhance operational and financial resilience, strengthen platform integrity, and boost market confidence. SC has invited a wide range of stakeholders, including digital asset issuers, to provide feedback on the document. The public consultation period is from June 30 to August 11, 2025.