Regulatory Alerts2026-05-20
Summary of Amendments to the Guidelines on Recognized Markets
The Securities Commission Malaysia issued revised Guidelines on Recognized Markets on 20 May 2026 to strengthen the regulatory framework for Digital Asset Exchanges (DAXs) and facilitate the sustainable growth of digital assets. The amendments introduce a Liberalised Listing Framework by removing prior approval requirements for digital asset listings while imposing stricter financial, shareholding, and management proficiency obligations on DAX operators. Additionally, the rules enhance investor protection through rigorous safeguards for asset custody, mandatory board training, and prohibitions on privacy tokens.
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