SC issues cease and desist order to RimauSwap

The SC will also seek the assistance of the Malaysian Communications and Multimedia Commission (MCMC) to block RimauSwap’s website. Additionally, RimauSwap has been placed on the SC’s Investor Alert List.

KUALA LUMPUR: The Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a cecentralised exchange (DEX) without authorisation from the SC.

It said in a statement posted on its website that it was acting fllowing information received from the public.