SC Malaysia revises digital-asset exchange guidelines
DAX operators must meet revised governance, client-asset and resilience controls
Change
On 2026-05-20, the Securities Commission Malaysia revised the Guidelines on Recognized Markets for Digital Asset Exchange operators.
Why it matters
The revised framework changes the operating boundary for regulated DAX platforms in Malaysia. DAX operators must work under higher accountability standards, stronger client-asset safeguards and expanded operational-resilience requirements from 20 May 2026.
Implications
- — Regulated DAX operators must align platform governance, client-asset safeguards and operational-resilience controls with the revised Guidelines — the amendments took effect on 20 May 2026.
- — DAX operators seeking faster product launches must meet higher accountability standards under the streamlined approval process — SC tied approval speed to stronger operator responsibility.
- — Digital-asset platforms operating without registration face regulatory action and advertising restrictions — SC took administrative action against four unregistered DAXs and worked with technology companies to limit their promotion to Malaysians.
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