6
Huobi Global ordered to stop operations in Malaysia by the Securities Commission
source link: https://fintechranking.com/2023/05/22/huobi-global-ordered-to-stop-operations-in-malaysia-by-the-securities-commission/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Huobi Global ordered to stop operations in Malaysia by the Securities Commission
The Securities Commission (SC) of Malaysia ordered Huobi Global Limited to wind down operations in the country as it had been operating its crypto exchange without registration. The SC took action against both Huobi and its CEO Leon Li for operating illegally in Malaysia.
“This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests,” the regulator said Monday. It added that operating a digital asset exchange without being registered is an offense under section 7(1) of the Capital Markets and Services Act 2007.
Read more: The Block
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK