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Homepage > News > Business > Malaysia to ease ‘crypto’ listing; Connecticut thwarts reserve Malaysia has proposed amendments to its regulatory framework for digital asset exchanges that would ease the listing process for exchanges but tighten the custody and governance requirements. Securities Commission Malaysia (SC) recently published a consultation paper requesting public feedback on the proposed changes. “The proposals aim to enhance competitiveness of Malaysia’s regulated digital asset market, improve investor protection and strengthen the resilience and integrity of DAX operators,” the watchdog says. Under its “same activities, same risks, same regulatory outcomes” approach, the SC proposes liberalizing the listing process for exchanges to encourage a more competitive market. While exchanges will be fully accountable for the assets they list, these assets must have undergone a public security audit and been traded for at least a year on a registered virtual asset service provider (VASP). Additionally, the regulator is weighing whether to impose extra requirements for assets with enhanced anonymity features like Monero. Some countries, like South Korea, banned the trading of privacy coins years ago. Australia followed suit, with the European Union set to enforce similar restrictions in 2027. SC is also mulling restrictions on memecoins, which have become a $60 billion market. It believes these tokens face “a heightened risk of market volatility and market manipulation.” Stablecoins and tokens issued by exchanges to be used within their ecosystem also pose unique challenges, and the watchdog wants public feedback on whether it should impose more stringent regulations on them. SC doubles down on segregation of assets While it plans to relax listing rules, the regulator is ramping up its investor protection guidelines on asset segregation and governance. Under the proposed framework, VASPs must hold at least 90% of investor assets in cold wallets for each type of asset they…

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Filed under: News - @ July 11, 2025 9:22 am