CRYPTORESTRICTIONS

New restriction

Malaysia orders Bybit to shut down

Malaysia's Securities Commission orders Bybit to shut its platform for Malaysian users; Bybit complies.

Primary source: Securities Commission Malaysia, SC: Enforcement action against Bybit for illegally operating a DAX in Malaysia (27 Dec 2024)

By CryptoRestrictions Research DeskReviewed by CryptoRestrictions Editorial ReviewMalaysiaRestricted

The Securities Commission Malaysia ordered Bybit to disable its website and apps in Malaysia within 14 business days of 11 December 2024, for operating an unregistered digital asset exchange. The regulator said on 27 December that Bybit had complied.

What changes in our data

Malaysia moves from limited to restricted for Bybit at high confidence.

Current verified status

Live data from the restrictions dataset for the platforms and countries named in this update.

PlatformCountryStatus
BybitMalaysiaRestricted

Source

sc.com.my ↗

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