Malaysian Regulator Proposes Pre-Approved Crypto Listings
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The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that would allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator. According to a Monday announcement, the regulator is considering liberalizing the framework for listing some digital assets on exchanges. Under the proposed rules, digital assets meeting specific criteria could be listed without explicit approval. “This aims to accelerate time-to-market, increase [crypto exchange] operator accountability and widen product offerings,” the announcement said. The new rules would hold the exchange accountable for its decision to list a specific asset. The listed digital assets must have undergone security audits with publicly available results, and they must have been traded for at least one year on a Financial Action Task Force-compliant platform. Malaysia’s Securities Commission’s consultation paper. Source: Securities Commission Related: Malaysia launches Digital Asset Hub to test stablecoin, programmable money Which assets may be approved? The SC is also seeking industry input on whether certain types of assets, which it views as higher risk, should be permitted for trading. Those include privacy coins such as Monero (XMR), which feature heightened privacy in their design: “The lack of transparency aspect in certain digital assets appeal to individuals involved in unlawful conduct which may result in the increased risk of money laundering and terrorism financing.” Other assets that the regulator is seeking comments on are those “intended to follow internet trends or popular culture,” more commonly known as memecoins. In this case, the issue is heightened volatility. The regulator also seeks input on assets with low market demand, such as “nascent utility tokens,” due to their higher risk. Related: Illegal crypto mining surges in Malaysia amid unclear policies Governance and custody rules tightened The SC also proposed a reworking of the requirements for client asset…
Filed under: News - @ July 1, 2025 11:20 pm