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Securities Commission Malaysia Takes Action Against Huobi Global for Operating Crypto Exchange without Registration
The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li for operating illegally in Malaysia.” In addition, the SC has “ordered Huobi Global Limited to stop its operations in the country, including to disable its website and mobile application on several platforms such as Apple Store, Google Play and any other digital application platform.” Huobi Global Limited has ... (full story)