Home Gadgets Dubai-Based Bybit Faces Regulatory Action in Malaysia Over Alleged Unlicensed Operations

Dubai-Based Bybit Faces Regulatory Action in Malaysia Over Alleged Unlicensed Operations

214

The Securities Commission Malaysia (SC) has directed Bybit to disable its services in the Southeast Asian nation. According to an official statement released by the SC, the Dubai-based exchange has been operating its digital asset exchange service (DAX) illegally in Malaysia.The Securities Commission Malaysia (SC) has directed Bybit to disable its services in the Southeast Asian nation. According to an official statement released by the SC, the Dubai-based exchange has been operating its digital asset exchange service (DAX) illegally in Malaysia.