Malaysia exchange committee take action against bitcoin exchange!

read my previous article on Malaysia one of the top countries in bitcoin mining 

https://klse.i3investor.com/blogs/2ww/2021-07-29-story-h1568850505-Breaking_Congrats_team_Malaysia_beat_China_by_landslide_victory_and_bec.jsp

(Selangor, 30JUL2021) Malaysia take action against traders favourite bitcoin exchange after they become the champion in the world for making money off bitcoin mining!! Breaking news!

a little excerpt from the said litigation against binance Malaysia!!

SC Takes Enforcement Actions on Binance for Illegally Operating in Malaysia 

The Securities Commission Malaysia (SC) today took enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX). Under Sections 7(1) and 34(1) of the Capital Markets and Services Act 2007, all DAX operators must be registered as Recognized Market Operators (RMO) by the SC.

a. disable the Binance website (www.binance.com) and mobile applications in Malaysia within 14 business days from 26 July 2021;

b. immediately cease all media and marketing activities, including circulating, publishing or sending any advertisements and/or other marketing material, whether via emails or otherwise, to Malaysian investors; and

c. immediately restrict Malaysian investors from accessing Binance’s Telegram group.

The litigation is filed soon after the news of bitcoin mining team Malaysia go viral into the public forum! 

mimichan, your trusted coin analyst.