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Malaysia Proposes DAX Reforms as Crypto Trading Volume Hits Record $2.9B in 2024
Malaysia Proposes DAX Reforms as Crypto Trading Volume Hits Record $2.9B in 2024
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BTCCSquare news:
Malaysia's Securities Commission has unveiled sweeping reforms to its digital asset exchange framework following a surge in trading activity. The market recorded RM13.9 billion ($2.9 billion) in transactions this year—more than double 2023's volume—driven by growing institutional and retail participation.
The proposed changes aim to accelerate token listings while strengthening governance protocols. Traditional financial institutions are increasingly gaining crypto exposure through direct investments and fund vehicles, signaling mainstream adoption.
Public consultation on the regulatory updates runs through August 11, 2025. The reforms could allow certain tokens faster access to regulated platforms, potentially increasing market liquidity.
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