Malaysia Consults on Stronger Rules for Digital Asset Exchanges

Malaysia’s Securities Commission (SC) has launched a public consultation to strengthen regulations governing Digital Asset Exchanges (DAXs). The proposed reforms aim to improve investor protection, accelerate digital asset listings, and enhance governance standards.

DAX trading volume in Malaysia surged to MYR13.9bn in 2024—2.6 times higher than in 2023. Key proposals include allowing exchanges to list eligible assets without prior SC approval, reinforcing safeguards for client assets, and increasing operator accountability.

The consultation is open until 11 August, with feedback invited from industry players, financial institutions, and legal professionals as Malaysia modernises its digital asset framework.