The Securities Commission Malaysia (SC Malaysia) has initiated a public consultation process to potentially streamline the crypto asset listing process, signaling potential changes in the country's digital asset ecosystem.
Proposal for Crypto Asset Listing
On July 1, 2025, SC Malaysia released a proposal indicating that crypto assets should trade on a FATF-compliant platform for at least one year. This move aims to simplify the listing process and enhance support for digital assets.
Accountability and Compliance
SC Malaysia emphasizes the importance of increasing accountability for exchanges, particularly regarding assets such as privacy coins and memecoins.
> "This would relate to mitigating the risk of loss or misuse of customers’ assets and facilitating movement of digital assets." - Securities Commission Malaysia (SC Malaysia)
Market Implications for Cryptocurrencies
The market's immediate response indicates potential for higher trading volumes, particularly for established assets like Bitcoin (BTC) and Ethereum (ETH). This proposal aims to mitigate risks related to money laundering and terrorism financing while boosting market efficiency.
SC Malaysia's initiative to streamline the listing process and increase exchanges' accountability may lead to positive changes in the country's crypto asset ecosystem, supporting large and stable digital assets.
