Malaysia’s Securities Commission has introduced a revised framework that allows Digital Asset Exchanges to autonomously list digital assets without prior approval. This significant change is set to speed up the listing process and foster growth in the local crypto market.
The new DAX framework is projected to support a trading volume growth to RM13.9 billion (approximately 3.31 billion USD) in 2024, more than double the volume from the previous year. This reflects increasing interest from both retail and institutional investors.
The proposed framework enhances accountability for DAX operators, requiring stringent security audits and mandates at least 90% of investors’ digital assets to be stored in offline wallets. Public feedback on these changes is being solicited until August 11, 2025.
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