Huobi Could Leave Malaysia Due to Regulatory Pressure
Reading Time: < 1 minute
Huobi has been notified by the Malaysian authorities to stop processing suspicious transactions. The authorities allege that Huobi is not taking sufficient measures to prevent the criminal use of digital assets.
This notification comes in spite of the fact that back in September of last year, Huobi had already announced the delisting of all private altcoins. In addition to this, the Malaysian Securities Commission (SC) has demanded that Huobi suspends its operations in the Malaysian market.
This includes disabling the exchange’s mobile app and website for Malaysian traders, and prohibiting the exchange’s CEO, Leon Li, from operating within the state.
Follow and like us on
