Malaysia Orders Bybit to Shutdown for Operating Without License

3 weeks ago 29

Key Takeaways Malaysia’s Securities Commission (SC ($0.01)) has ordered Bybit, a global cryptocurrency exchange, to cease operations for operating without a license. Notably, the regulator accused Bybit of violating local securities laws by offering digital asset services without proper registration. Per the release from the Malaysian regulator, the enforcement action requires Bybit to shut down its…

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