On June 30, 2025, the Securities Commission Malaysia (SC) launched a public consultation on proposed enhancements to its Digital Asset Exchange (DAX) regulatory framework. The consultation will run until August 11, 2025. This initiative aims to foster innovation and strengthen investor protection in the digital asset space. (Source: Securities Commission Malaysia, June 30, 2025)
Key proposals include liberalizing digital asset listings, enhancing client asset safeguarding, and strengthening financial criteria for DAX operators. The SC plans to allow certain digital assets to be listed without prior approval if they meet specific criteria. DAX operators will face stricter operational governance and control requirements. (Source: Securities Commission Malaysia, June 30, 2025)
Since the DAX framework's introduction in 2019, Malaysia's digital asset industry has grown significantly. The total trading value reached RM13.9 billion in 2024, a 2.6-fold increase from 2023. The SC is inviting feedback from stakeholders, including digital asset issuers and financial institutions. (Source: Securities Commission Malaysia, June 30, 2025)