By theedgemarkets.com on July 30, 2021
KUALA LUMPUR (July 30): Malaysia has joined nearly a dozen nations in taking enforcement actions against Binance for illegally operating a digital asset exchange (DAX).The Securities Commission Malaysia (SC) said it has issued a public reprimand against Binance for continuing to operate illegally in Malaysia despite being included in the regulator’s Investor Alert List in July last year.In a statement, SC said the cryptocurrency exchange’s DAX operations are deemed illegal as Sections 7(1) and 34(1) of the Capital Markets
The Coin Detective