SC adds crypto exchange Binance to alert list


n its remarks, the SC said Binance was “operating a recognised market without authorisation from the SC”.

KUALA LUMPUR: The Securities Commission has cautioned that Binance, world's largest crypto currency exchange, does not comply with its securities law.

The regulator had added binance https://www.binance.com/en to its investor alert list of companies or websites that carry on capital market regulated activities without a licence or registration.

In its remarks, the SC said Binance was “operating a recognised market without authorisation from the SC”.

The SC regulates capital market activities which are dealing in securities; dealing in derivatives; fund management; advising on corporate finance; investment advice; financial planning; and dealing in private retirement schemes; provide services as a market operator; or issue or offer securities without proper approval, authorisation or recognition.

It said the list was not exhaustive and it would be updated periodically.

Those in the LIST OF UNAUTHORISED WEBSITES / INVESTMENT PRODUCTS / COMPANIES / INDIVIDUALS include OctaFX, Amal Trust/ Wakala Ventures, Lindale Ventures, eToro and FintechFX.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Wall St set for higher open as banking crisis fears ebb
Credit Suisse still helping wealthy dodge U.S. taxes, Senate Committee finds
Tengku Zafrul: Asean, China must cooperate to mitigate risks, unlock economic gains
Ringgit closes lower on profit-taking
MKH to list subsidiary on Bursa Malaysia main market
Kim Loong’s 4Q net profit rises 19% to RM37mil
Super Racer Limited is now Reach Energy’s major shareholder
TNB'S power generation unit issues RM2bil sustainability sukuk wakalah
BDB acquires companies for RM13mil
Alibaba’s US$32bil day signals breakups for China tech

Others Also Read