MOF: No Pending Regulatory Issues Related To Binance

KUALA LUMPUR, Feb 11 (Bernama) -- Bases on current assessments, no outstanding regulatory issues have been identified so far in relation to Binance that would require the Securities Commission Malaysia (SC) to take action, according to the Ministry of Finance (MOF).

In a written reply published on Parliament’s website today, the ministry said compliance measures taken include reinstating Binance in the SC’s Investor Alert List.

It added that the SC will continue to monitor developments and take appropriate actions if there are any breaches of the law or new risks to local investors.

“The Binance website and application remain blocked from being accessed by Malaysians,” it said.

MOF also said that the SC had considered relevant factors in measures that it has taken, including the severity of breaches, the impact and risks to local investors, as well as the implications for the integrity and stability of Malaysia’s capital market.

The ministry was responding to a question from Lim Guan Eng (PH-Bagan) on whether the SC will reinstate Binance on the Investor Alert List, given that the platform still poses serious risks to Malaysian investors who continue to use it.

-- BERNAMA