{"id":21124,"date":"2023-05-22T14:55:12","date_gmt":"2023-05-22T14:55:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/securities-commission-malaysia-sc-orders-huobi-global-to-stop-operations\/"},"modified":"2023-05-22T14:55:12","modified_gmt":"2023-05-22T14:55:12","slug":"securities-commission-malaysia-sc-orders-huobi-global-to-stop-operations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/securities-commission-malaysia-sc-orders-huobi-global-to-stop-operations\/","title":{"rendered":"Securities Commission Malaysia (SC) orders Huobi Global to stop operations"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684754823224-ab5c7298-cfa0-49eb-a7a4-9295b22ee741-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684754823224-ab5c7298-cfa0-49eb-a7a4-9295b22ee741-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684754823224-ab5c7298-cfa0-49eb-a7a4-9295b22ee741-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684754823224-ab5c7298-cfa0-49eb-a7a4-9295b22ee741-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The securities commission said Huobi was operating in the country without registration.<\/li>\n<li>The exchange was ordered to disable its website and mobile apps.<\/li>\n<li>Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors.<\/li>\n<\/ul>\n<p>The Securities Commission Malaysia (SC) has today ordered Huobi Global cryptocurrency exchange to stop its operations in the country.<\/p>\n<p>The regulator told the exchange\u2019s CEO Leo Li to disable its website and mobile applications because the exchange was operating a digital asset exchange without registration. It also told Huobi Global to stop circulating, publishing or sending advertisements to Malaysian investors.<\/p>\n<h2>Operating without registration from the SC<\/h2>\n<p>The Malaysian SC accused the crypto exchange of operating a digital asset exchange without obtaining a registration from the regulator as a Recognized Market Operator, which is an offence under the Capital Markets and Services Act.<\/p>\n<p>The regulator gave CEO Leon Li the task of ensuring that the <a href=\"https:\/\/coinjournal.net\/exchanges\/\">crypto exchange<\/a> adheres to the given directives.<\/p>\n<p>Furthermore, the Securities Commission Malaysia (SC) also asked Malaysian investors using Huobi Global to cease using the exchanges platform, withdraw their assets, and close their accounts.<\/p>\n<h2>Huobi Global rebranding<\/h2>\n<p>In November 2022, Huobi Global underwent a rebranding after its acquisition by About Capital Buyout Fund the previous month.<\/p>\n<p>As a result, a spokesperson of the company told a popular media outline that the order by the SC does not apply to the Huobi that operates under the rebrand but to the entity that is operating under the previous entity.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/securities-commission-malaysia-sc-orders-huobi-global-to-stop-operations\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The securities commission said Huobi was operating in the country without registration. The exchange was ordered to disable its website and mobile apps. Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors. The Securities Commission Malaysia (SC) has [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21124"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21124"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21125"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}