Malaysia / Firms / Binance

Binance

Binance: reprimanded by the SC for operating a digital asset exchange in Malaysia without registration.

Status

Reprimanded by the SC · checked 22 Oct 2026
Digital asset exchanges must be registered with the SC as Recognized Market Operators (Capital Markets and Services Act 2007).

SC enforcement

On 30 July 2021 the SC announced a public reprimand against Binance Holdings Limited (registered in the Cayman Islands), its CEO and three other Binance entities (Binance Digital Limited, UK; Binance UAB, Lithuania; Binance Asia Services Pte Ltd, Singapore) for operating a digital asset exchange in Malaysia without registration, despite being on the SC's Investor Alert List since July 2020. They were ordered to disable the Binance website and mobile applications in Malaysia within 14 business days from 26 July 2021, stop marketing to Malaysian investors and restrict Malaysian investors from Binance's Telegram group. SC media release, 30 Jul 2021 official

SC register

No name on the SC's list of registered digital asset exchanges (as of 20 Jul 2026) carries the name Binance. SC list of registered digital asset exchanges (as of 20 Jul 2026) official

Type

Not applicable · global brand (Type)

Public statement

Not applicable.

History

No dated events.

Read More

• Only 5 Crypto Exchanges Are Registered in Malaysia. None of the 10 Global Exchanges We Checked Is One of Them
• Malaysia's Securities Regulator Has Reprimanded Binance and Bybit for Running Unregistered Exchanges

Found an error? Report it · Corrections