Malaysia Securities Commission seeks digital asset wallet providers to provide industry regulatory feedback

The Securities Commission of Malaysia (SC) is seeking industry feedback on the regulatory framework for digital asset wallet providers, which will complement the existing Digital Asset Exchange (DAX) and IEO frameworks. SC requires existing digital asset wallet providers or any interested parties to get in touch with SC to understand its current business operations and provide feedback on the structure of digital asset wallet providers. SC stated that once the regulatory framework for digital asset wallet providers is determined, it will be included in the digital asset guidelines.