{"id":195969,"date":"2021-07-30T12:13:44","date_gmt":"2021-07-30T11:13:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=195969"},"modified":"2025-12-06T02:33:32","modified_gmt":"2025-12-06T02:33:32","slug":"malaysian-regulators-order-binance-to-disable-operations-within-14-days","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/malaysian-regulators-order-binance-to-disable-operations-within-14-days\/","title":{"rendered":"Malaysian regulators order Binance to disable operations within 14 days"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Securities Commission Malaysia (SC), the country\u2019s topmost watchdog for financial services and securities, <\/span><a href=\"https:\/\/www.sc.com.my\/resources\/media\/media-release\/sc-takes-enforcement-actions-on-binance-for-illegally-operating-in-malaysia\"><span style=\"font-weight: 400;\">ordered<\/span><\/a><span style=\"font-weight: 400;\"> crypto exchange Binance to shut up shop within two weeks and cease all offerings to Malaysian users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX),\u201d the notice reads.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX).  <a href=\"https:\/\/t.co\/UHc3NHO5kH\">https:\/\/t.co\/UHc3NHO5kH<\/a><\/p>\n<p>&mdash; Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1421033059915210752?ref_src=twsrc%5Etfw\">July 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Malaysia slams Binance<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A public reprimand has been put against Binance by authorities who allege it continues to operate illegally in Malaysia despite being included in the SC\u2019s Investor Alert List in July 2020.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reprimand was issued against Binance Holdings Limited (Registered in the Cayman Islands), its CEO Changpeng Zhao, as well as three other Binance entities, namely Binance Digital Limited (Registered in the UK), Binance UAB (Registered in Lithuania), and Binance Asia Services Pte Ltd (Registered in Singapore), the SC said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SC has now ordered the four Binance entities to disable the exchange website and mobile applications in Malaysia within 14 business days from 26 July 2021, cease all media and marketing activities to Malaysian investors, and immediately restrict any Malaysian investors from accessing Binance\u2019s Telegram group.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zhao has also, additionally, been <\/span><i><span style=\"font-weight: 400;\">specifically<\/span><\/i><span style=\"font-weight: 400;\"> ordered to ensure that the above directives are carried out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the SEC asked Malaysian users to stop dealing with Binance accounts: \u201cThose who currently have accounts with Binance are strongly urged to immediately cease trading through its platforms and to withdraw all their investments immediately,\u201d the notice read.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities Commission Malaysia (SC), the country\u2019s topmost watchdog for financial services and securities, ordered crypto exchange Binance to shut up shop within two weeks and cease all offerings to Malaysian users. \u201cThe Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX),\u201d the notice reads. The [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":193833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60793,11],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysian regulators order Binance to disable operations within 14 days<\/title>\n<meta name=\"description\" content=\"The Securities Commission Malaysia (SC) ordered crypto exchange Binance cease offering its services and products to Malaysian citizens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/malaysian-regulators-order-binance-to-disable-operations-within-14-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malaysian regulators order Binance to disable operations within 14 days\" \/>\n<meta property=\"og:description\" content=\"The Securities Commission Malaysia (SC) ordered crypto exchange Binance cease offering its services and products to Malaysian citizens.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/malaysian-regulators-order-binance-to-disable-operations-within-14-days\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-30T11:13:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-06T02:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/binance-uk-ban.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/malaysian-regulators-order-binance-to-disable-operations-within-14-days\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/malaysian-regulators-order-binance-to-disable-operations-within-14-days\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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