PANews reported on July 1 that the Malaysian Securities Commission plans to reform the Digital Asset Exchange (DAX) framework, proposing a series of regulatory enhancements to accelerate token listings and strengthen investor protection. The new regulations suggest allowing digital assets that meet minimum requirements to be listed without prior approval, while increasing the responsibilities of exchange operators.
Additionally, the proposal includes mandatory client asset segregation and higher governance and operational requirements to address the risks of digital asset trading. DAX operators will also need to meet higher financial thresholds to enhance the operational and financial resilience of the platform.
The public can submit feedback from June 30 to August 11, and the consultation document has been published on the SC official website.