CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Malaysian Regulator Orders Huobi to Halt its ‘Illegal’ Operations in the Country (Report)

22.05.2023
A A
0
125
VIEWS
ShareShare

The Securities Commission Malaysia (SC) has reportedly accused Huobi of running a cryptocurrency exchange without the necessary authorization.

As such, the watchdog urged the company to disable its website and mobile application in the country.

Huobi On Target

As reported by The Malaysian Reserve, the SC has alleged that Huobi and its CEO – Leon Li – operated a digital asset business in the Asian country illegally.

The regulator ordered the firm to cease its domestic operations, including its website and mobile application on several platforms such as Apple Store and Google Play. It also insisted that Huobi should stop sending any advertisements (whether via e-mail or social media interaction) to Malaysian investors.

“This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests,” the SC stated.

The watchdog considers Huobi’s breach a serious issue outlining that operating a DAX without securing the SC’s registration as a Recognised Market Operator (RMO) is an offense under Section 7(1) of the Capital Markets and Services Act 2007.

ADVERTISEMENT

Subsequently, it advised local investors who have used the exchange’s services to cease trading on the platform, withdraw their assets, and close accounts.

Huobi’s Efforts in Hong Kong

Contrary to its regulatory problems in Malaysia, the entity has already displayed intentions to strengthen its presence in other parts of Asia.

Justin Sun – Tron’s Founder and a member of Huobi’s Global Advisory Board – said earlier this year that the exchange has applied for a trading license with Hong Kong’s watchdogs.

“This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner,” he added.

Additionally, the company will launch a new venue in the special administrative region of China called Huobi Hong Kong that will be “fully compliant with local regulations and offer a range of trading pairs and services to customers.”

The authorities of Hong Kong have recently taken a pro-crypto path, positioning the region as a digital asset hub. Leading exchanges like OKX sought regulatory permits in the area, whereas local cryptocurrency firms and banks initiated a meeting to smooth their interactions.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money
All news

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money

06.10.2025
0

PEPE has climbed 8% over the past week, with trading volumes soaring past $700 million in a single day, fueling...

Read moreDetails
Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

06.10.2025
Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

06.10.2025
Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
Load More
Next Post
Fifth consecutive weekly outflows point to crypto market fragility

Fifth consecutive weekly outflows point to crypto market fragility

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean

Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean

4 months ago
VanEck exec predicts institutional tsunami may drive Bitcoin to $180K within a year

VanEck exec predicts institutional tsunami may drive Bitcoin to $180K within a year

11 months ago
Franklin Templeton Applies for a Spot Bitcoin ETF With the U.S. SEC 

Franklin Templeton Applies for a Spot Bitcoin ETF With the U.S. SEC 

2 years ago
Coinbase Seeks SEC’s Spending on Crypto Business Investigations Beneath Gary Gensler

Coinbase Seeks SEC’s Spending on Crypto Business Investigations Beneath Gary Gensler

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Trending

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money
All news

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money

06.10.2025
0

PEPE has climbed 8% over the past week, with trading volumes soaring past $700 million in a...

Bitcoin’s realized price is the real bull market signal

Bitcoin’s realized price is the real bull market signal

06.10.2025
Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

06.10.2025
Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

06.10.2025
Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz