The Securities Commission Malaysia has urged Malaysian investors of Huobi to withdraw their funds and crypto assets from the crypto exchange and shut down their accounts.
, to cease all operations in the country. The regulator has accused Huobi of operating a digital asset exchange without registration.put out by the Securities Commission Malaysia, Huobi Global has been accused of illegally operating a digital asset exchange in the country. The securities regulator has ordered the crypto exchange to cease all operations in Malaysia. This included deactivating its website and mobile application on platforms such as Apple Store, Google Play and any others.
The Securities Commission Malaysia also ordered Huobi to cease circulating, publishing or sending any advertisements, whether in email or on social media platforms, to Malaysian investors. Moreover, Malaysian traders should immediately stop trading on Huobi’s trading platform, withdraw all their funds, and close their accounts.