<div id="readability-page-1"><img width="150" height="150" src="https://imageproxy.pbkrs.com/https://technode.global/wp-content/uploads/2026/03/Screenshot-2026-03-09-175317-150x150.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://technode.global/wp-content/uploads/2026/03/Screenshot-2026-03-09-175317-150x150.png"/>The Securities Commission Malaysia (SC) said Wednesday it has enhanced the Guidelines on Recognized Markets, marking a significant step in the evolution of the regulatory framework for Digital Asset Exchange (DAX). The enhancements will bolster the competitiveness of regulated DAX operators while fortifying investor protection and the overall resilience of Malaysia’s digital asset segment, SC said in a statement. This aligns the local digital asset landscape with global developments amid growing institutional participation in this asset class. The revised guidelines aim to speed up product launches on regulated DAX platforms by streamlining the approval process, while holding DAX operators to higher standards of accountability. They also target to fortify investor protection by strengthening client asset safeguards and enhancing the governance framework. They also aim to enhance operational resilience of regulated DAX platforms by raising requirements for financial stability, shareholding and management proficiency. In addition, DAX operators will be included as members of the Financial Markets Ombudsman Service (FMOS) in 2026, giving investors access to a formal dispute resolution avenue. Furthermore, the SC is tightening regulatory action against unregulated digital asset activities with administrative action taken against four DAXs for operating without registration. Meanwhile, the SC has also worked with technology companies such as Google to limit unregistered DAX from promoting their services to Malaysians via social media platforms and channels, starting April 14, 2026. This enhanced DAX framework is in line with the Capital Market Masterplan’s 2026-2030 goal of increasing Malaysia’s capital market size to MYR 5.8 trillion ($1.46 trillion) to MYR 6.3 trillion ($1.5 trillion) by 2030. The growth of digital assets is a key pillar in building a more vibrant, inclusive and resilient market ecosystem. The SC Chairman Mohammad Faiz Azmi said the digital asset industry must evolve and embrace the institutional discipline required of a mature capital market. “Our enhanced guideline demands resilient and credible partners within Malaysia’s financial market ecosystem, “As the market grows more inclusive and innovative, it must be balanced with the highest standards of governance,” he added. According to the statement, Malaysia’s digital asset market continues to record steady growth, with total trading value on regulated DAXs increasing to MYR 17.14 billion ($4.32 billion) in 2025, representing a 23 percent increase from MYR 13.93 billion ($3.51 billion) in 2024. Besides enhancing the regulation of DAX platforms, the SC said it continues to bridge the gap between traditional and alternative markets. This includes issuance of a Practice Note clarifying digital asset broking services and an updated Guidelines on Exchange-traded Funds (ETF) to enable the offering of digital currency ETF. These initiatives will significantly broaden investor access to digital assets while maintaining the integrity of Malaysia’s capital market. The amendments in the Guidelines take effect on May 20, 2026. The revisions take into account the SC’s findings following a benchmarking exercise, engagement with key stakeholders and feedback from public consultation conducted last year. <blockquote>Khazanah partners SC for Malaysia’s first tokenized sukuk pilot</blockquote> </div>

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The Securities Commission Malaysia (SC) has revised its Guidelines on Recognized Markets for Digital Asset Exchange (DAX), enhancing competitiveness and investor protection. The changes streamline approval processes, raise accountability standards, and include DAX operators in the Financial Markets Ombudsman Service by 2026. The SC aims to fortify governance and operational resilience while tightening regulations against unregistered DAX activities. These amendments, effective May 20, 2026, align with the Capital Market Masterplan's goal to grow Malaysia's capital market significantly by 2030.

- The Securities Commission of Malaysia has strengthened guidelines for recognized markets, marking a significant evolution in the regulation of digital asset exchanges (DAX).  
- Enhanced measures aim to improve the competitiveness of regulated DAX operators while bolstering investor protection and resilience in Malaysia's digital asset landscape.  
- The revised framework aligns with the 2026-2030 capital market blueprint, targeting an increase in market size, and takes effect on May 20, 2026.

SC issues revised guidelines on Recognized Markets for Digital Asset Exchange