TechFlow news, on December 30, Bybit Technology Limited and its CEO Ben Zhou received a warning from the Securities Commission Malaysia (SC) for operating a digital asset exchange (DAX) without registration.
The Securities Commission stated in a release that Bybit and Ben Zhou have been included on the regulator's investor alert list since July 2021.
The SC has directed Bybit to shut down all its websites and applications in Malaysia within 14 business days from December 11, 2024, and cease advertising to Malaysian investors. Additionally, Bybit must terminate its Telegram support groups provided for Malaysian users.
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