Malaysia Orders Huobi Crypto Exchange Shutdown
AI Creates, Humans Choose
Blog section: Blog post written on May 22 at 10:42 am. Rewritten in free English: On May 22, at 10:42 am, someone wrote a blog post.
Huobi, a crypto exchange based in Seychelles, has been told to stop operating in Malaysia by the Securities Commission because it is not registered. The Commission has publicly criticized the exchange and its founder and taken steps to safeguard investors. Malaysia is also making efforts to get involved in the worldwide crypto competition, such as partnering with the Bank for International Settlements and looking into releasing its own digital currency issued by the Central Bank.
Huobi, a Seychelles-based crypto exchange, must stop all operations in Malaysia because it is not registered. The Securities Commission has told the exchange and its founder that they have done wrong. The Commission wants to keep investors safe. Malaysia wants to be part of the global crypto wave, so it is working with the Bank for International Settlements and thinking about making its own digital currency.
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Huobi, a crypto exchange based in Seychelles, has been ordered to stop operating in Malaysia by the Securities Commission.
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