Binance Discusses a Licensed Model With Malaysian Regulators

Binance says it has spent 10 months discussing a licensed model with Malaysian regulators as it seeks to return after the Securities Commission Malaysia ordered it to stop local business and marketing activity in 2021. Binance described the discussions with the commission and Malaysia’s central bank as covering whether a licensed business could work and how it might be structured. The exchange did not disclose the specific type of license it intends to apply for. In July 2021, the commission found that Binance had illegally operated a digital asset trading platform and directed it to cease its local business and marketing. The commission removed Binance from its investor alert list in 2024, then added it again in October without explaining the move.

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