The securities Commission of Malaysia has updated the list of legal entities whose activities do not comply with the law. Among the ten new defendants are asset management company Fidelity, investment platform eToro and cryptocurrency exchange Binance.
The regulator does not recommend that citizens make investments involving companies and individuals who do not have the appropriate license or permit.
Binance chose Malaysia along with Vietnam to test its payment card before the European launch.
For clients from this Asian country, BINANCE offers the conversion of the local currency ringgit into cryptocurrencies and peer-to-peer trading of digital assets.
Representatives of the exchange declined to comment.
This is not the first such case in the history of Binance. In February, the Malta financial services authority (MFSA) said that the exchange had not received a license to operate in the country. In July, the Brazilian securities and exchange Commission banned trading in derivatives represented on the Binance Futures platform.
