Malaysia Crypto Exchange FAQ (SC)

Short answers on which crypto exchanges are registered in Malaysia and what happened to Binance and Bybit.

Which crypto exchanges are registered in Malaysia?

5 digital asset exchanges are registered with the Securities Commission Malaysia (SC) as Recognized Market Operators (as of 20 Jul 2026): HATA Digital, Luno Malaysia, MX Global, SINEGY DAX, Kinetic DAX. Full list.

Is Binance licensed in Malaysia?

No. The SC publicly reprimanded Binance on 30 July 2021 for operating a digital asset exchange in Malaysia without registration and ordered it to disable its website and apps in Malaysia. No name on the SC's register carries the name Binance.

Is Bybit allowed in Malaysia?

No name on the SC's register carries the name Bybit. On 27 December 2024 the SC said it had reprimanded Bybit for operating a digital asset exchange without registration and directed it to disable its website and apps in Malaysia; the SC said Bybit complied.

Is it illegal to run an unregistered crypto exchange in Malaysia?

Yes. Operating a DAX without SC registration as a Recognized Market Operator is an offence under section 7(1) of the Capital Markets and Services Act 2007 (SC release, 27 December 2024).

What changed in the 2026 DAX guidelines?

The SC's revised Guidelines on Recognized Markets took effect on 20 May 2026: faster product approvals, stronger client-asset safeguards and higher capital, shareholding and competency requirements; DAX operators join the Financial Markets Ombudsman Service in 2026.