In Malaysia, on July 2, 2025, the Securities Commission (SC) launched a public consultation to overhaul the Digital Asset Exchange (DAX) framework. The goal is to boost market competitiveness and protect investors.
The DAX framework, established in 2019, has overseen Malaysia's growing crypto market. In 2024, digital asset trading volume surged 2.6 times compared to 2023, reaching RM13.9 billion (approximately $3.31 billion).
Key proposals include easing crypto asset listing processes and tightening requirements for DAX operators. Digital assets meeting SC criteria could be listed without prior approval. DAX operators would face stricter governance and control standards.
In January 2025, Prime Minister Datuk Seri Anwar Ibrahim announced the government's exploration of digital asset sector regulation. Authorities are considering a clear regulatory framework to recognize cryptocurrency and blockchain technology.