Binance Isn't Permitted to Operate in Malaysia, Local Regulator Says

[Riya143]

Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator.
Top cryptocurrency exchange Binance was added to the Securities Commission Malaysia’s list of unauthorized entities earlier today.

According to the regulator, the digital asset trading platform is “operating a recognized market without authorization from the SC”.

Malayisan law requires cryptocurrency exchanges to register as Digital Assets Exchanges with the SC. After the initial filing, they get up to nine months to meet the SC’s regulation standards.
Read More: https://cointelegraph.com/news/binance-isnt-permitted-to-operate-in-malaysia-local-regulator-says