The Securities Commission (SC) Malaysia has taken action against Huobi Global Limited while Malaysia-based proptech LiveIn has acquired a local firm.
SC Malaysia orders Huobi to stop operations
The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited (Huobi), and its chief executive officer Leon Li for operating a digital asset exchange (DAX) in Malaysia without registration.
According to an announcement, the SC has ordered Huobi to stop its operations in the country, including disabling its website and mobile application on Apple Store, Google Play and other digital application platforms.
Edited by: Padma Priya
