Malaysia Government Banned Binance Operation, Demand the Suspension of Local Operations

Crypto Currency

On July 30, according to foreign media reports, according to the Malaysian Securities Commission, the Securities Commission of Malaysia (SC) today took enforcement actions against Binance’s illegal operation of the Digital Asset Exchange (DAX), requiring the exchange to stop trading in Malaysia. Business .

From July 26, Binance has 14 working days to execute this order, including disabling its website and mobile application; immediately suspending all media and marketing activities; immediately restricting Malaysian investors from accessing Binance’s Telegram group .

The Malaysian securities regulator also urged citizens to stop trading with crypto exchanges operating illegally in the country.

Reminder : Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.