TechFlow, November 17 — According to Financefeeds, the Securities Commission Malaysia (SC) has proposed significant reforms to its digital asset regulatory framework. Starting in 2026, licensed cryptocurrency exchanges will be able to independently approve token listings without waiting for explicit SC approval for each individual token.
Under Consultation Paper No. 3/2025, exchanges registered as Recognized Market Operators will be responsible for assessing whether tokens meet listing criteria, including reviewing a token’s trading history on compliant foreign exchanges, verifying security audits at the protocol level, and ensuring adherence to anti-money laundering standards. In return, exchanges will be required to comply with higher governance, security, and transparency standards.
The reform aims to shorten token listing timelines, expand the range of digital assets available to local investors, and foster the development of Malaysia’s digital asset ecosystem. Currently, the variety of tokens on regulated platforms is limited, and the approval process can take several months. The new framework is expected to position Malaysia as a more dynamic and prudently regulated digital asset hub in Southeast Asia.
