Huobi Global ordered to halt operations in Malaysia

Huobi Global ordered to halt operations in Malaysia

Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country.

News Join us on social networks

Huobi Global has been ordered to close its operations in Malaysia following an enforcement action from the country’s securities regulator.

According to an official statement from Securities Commission Malaysia (SCM) on May 22, Huobi Global failed to register as a cryptocurrency exchange operator and must cease all activity. The company has been directed to disable its website and mobile applications on Apple Store and Google Play.

Trending: Huh? Chuck Schumer Slams ‘MAGA Supreme Court’ After A Unanimous Decision

The cryptocurrency exchange is also expected to cease advertising its products and services to Malaysian users via email and social media.

SCM noted that its decision was driven by concerns about Huobi’s “compliance with

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report •
Thanks for sharing!
Send this to a friend