Malaysia: SCM investigation into Bybit Technology Limited for allegedly operating a digital asset exchange without registration
Progress
Current status
under investigation
11 Dec 2024 under investigation
Scope
Implementers
Malaysia
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Adopted order in SCM investigation into Bybit Technology Limited for allegedly operating a digital asset exchange without registration
On 11 December 2024, the Securities Commission of Malaysia (SCM) issued an order against Bybit Technology Limited for operating a digital asset exchange in Malaysia without proper registration. It was highlighted that Bybit did not obtain the requir…
SourceEvent type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body