Pre -approval obligation may be lifted: New crypto listing model is on the road

The Malaysian Securities Commission (SC) is planning a significant change in the listing of digital assets on stock exchanges. In a statement on Monday, July 1, crypto currencies that meet certain criteria can now be listed without pre -regulatory approval.

The official statement of the SC included the following statements:

“This change aims to accelerate the entrance time of the market, to increase the responsibility of stock market operators and to expand the product diversity.”

Which assets will be suitable for automatic listing? Digital assets to be listed according to the new framework:

Passing to public security inspections,

For at least one year, FATF (financial action task force) is traded on a compatible platform, will need.

For assets that meet these criteria, it will be possible to decide to directly list the relevant stock exchanges. However, all responsibility will be in stock market operators.

DISCUSSED Categories: Monero and Memecoins The SC demands the public not only about the functioning of the system, but also on whether or not certain categories of assets are included. Especially the following titles stand out:

Privacy -oriented Coins: For example, privacy -enhanced assets such as Monero (XMR) are examined due to risk of use in illegal activities.

Memecoins: Such tokens, which are affected by internet currents or popular culture, are approaching with suspicion due to high volatility.

Low demand -auxiliary tokens: newly released and unused tokens are also classified as “high -risk”.

The SC exports public and sector representatives for these three categories.

More strict rules in storage and asset management The SC plans not only the listing processes, but also to tighten the rules related to the storage and governance of customer assets:

The separation of user funds will be compulsory.

Financial competence criteria will be introduced.

A local senior executive responsible for the wallet management will have to be appointed.

Platforms that provide crypto storage services will have to register for the SC as a digital asset storage or to work with a SC registered institution.

“These steps aim to reduce the risk of loss or abuse of user funds.”

EVALUATION: SECURITY AND RESPONSIBILITY BALANCE Malaysia is looking for balance in regulations: she wants to create clear rules to protect the investor without drowning the crypto industry. The ease of listing is imposing more responsibility to stock market operators; However, criteria such as security audit requirement reflect the purpose of protecting the investor.

The impact of the new regulation on the sector will be carefully monitored in terms of both the investor interest and the potential to make Malaysia a crypto center.