Malaysia Crypto Regulation Timeline

Key dates for the registration and enforcement of digital asset exchanges by the SC.

1. 15 Jan 2019Rules

   Prescription Order in Force

   Qualifying digital currencies and tokens become securities; DAX operators must register with the SC as Recognized Market Operators.

   Source: SC list official

2. 1 Mar 2019Deadline

   21 Exchanges Not Permitted to Continue

   End of the transitional period from 15 January 2019; the SC lists 21 exchanges not permitted to continue operations.

   Source: SC list official

3. 1 Jun 2019Deadline

   19 More Exchanges Not Permitted to Continue

   The SC lists 19 exchanges not permitted to continue operations from 1 June 2019.

   Source: SC list official

4. 30 Jul 2021Enforcement

   SC Reprimands Binance

   Public reprimand against four Binance entities and their CEO; order to disable the website and apps in Malaysia.

   Source: SC release official

5. 27 Dec 2024Enforcement

   SC Reprimands Bybit

   Reprimand of Bybit Technology Limited and its CEO; directive to disable the website and apps in Malaysia (complied).

   Source: SC release official

6. 14 Apr 2026Enforcement

   Curbs on Promotion by Unregistered Exchanges

   The SC works with technology companies such as Google to limit promotion by unregistered DAXs.

   Source: SC release official

7. 20 May 2026Rules

   Revised DAX Guidelines in Force

   Revised Guidelines on Recognized Markets for DAX operators take effect; administrative action against four unregistered DAXs reported.

   Source: SC release official

8. 20 Jul 2026SC list

   SC List Updated

   5 registered digital asset exchanges.

   Source: SC list official