Malaysia’s Securities Commission said that as of Dec. 27, Bybit complied with its demands to disable its platforms in the country.
Malaysia’s Securities Commission (SC) has directed cryptocurrency exchange Bybit to cease operations in the country, accusing the company of running an unregistered digital asset exchange (DAX).
The Malaysian securities regulator announced it had directed Bybit to disable its website, mobile applications or any other digital platforms within 14 business days starting Dec. 11. The regulator also ordered the exchange to stop circulating its advertisements to Malaysian investors and terminate its Telegram support group for Malaysians.
The SC specifically directed Bybit CEO Ben Zhou to ensure the company complies with all the directives. As of Dec. 27, the commission confirmed Bybit had complied with its demands.
