Huobi Crypto Exchange Reprimanded By Malaysia's Regulator

Huobi Crypto Exchange Ordered To Stop Malaysian Operations

The Securities Commission of Malaysia told Huobi Global to stop. They were operating without registering their digital asset exchange, and that's not allowed. The CEO, Leon Li, got in trouble too. Malaysians who use the platform were told to stop trading, take out their money, and close their accounts.

Malaysia will have its own national public blockchain, which will be used to strengthen the country's digital economy. This new blockchain will help the government, businesses, and individuals to handle transactions more securely and efficiently. It's a step towards improving the country's overall technology infrastructure and making it more competitive in the global market. The blockchain is set to be launched soon, and it's expected to bring many benefits to the people of Malaysia.

Pradipta Mukherjee worked for Bloomberg News and Business Standard in India as a business reporter. Mukherjee studied for an MBA and post-graduate in Economics. She concentrates on financial markets and corporates. She got the Mary Morgan Hewitt award for Women in Journalism. She has won the Jefferson Fellowship and the Thomson Reuters Foundation fellowship. She also got the Kiplinger Fellowship at Ohio University, USA.

Eve is a business reporter and commodities news editor. She has worked at multiple print and media outlets before. Singapore Press Holdings, Shanghai Metals Market, S&P Global Platts and Argus Media are some of them. Eve has a lot of experience in the field.

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