KUALA LUMPUR, July 1 (Xinhua) -- The Securities Commission Malaysia has published a consultation paper to seek public feedback on proposed enhancements to its regulatory framework for Digital Asset Exchange (DAX).
The regulator said in a statement that the proposals aimed to enhance competitiveness of Malaysia's regulated digital asset market, improve investor protection and strengthen the resilience and integrity of DAX operators.
Since the introduction of the DAX framework in 2019, the commission has observed steady growth in Malaysia's digital asset industry with 2024 being the highest total trading value of 13.9 billion ringgit (3.32 billion U.S. dollars), an increase of 2.6 times from 2023.
According to the statement, the public consultation period will run through Aug. 11, 2025. ■
