Malaysia’s Securities Fee (SC) has ordered Bybit and its CEO, Ben Zhou, to droop operations for operating with out correct registration. Bybit should shut down its platforms, halt promoting, and dissolve its Malaysian Telegram help group by December 25. The SC cited investor safety considerations, reminding customers that unregistered platforms pose greater dangers. Bybit has complied with the directives and goals to return after acquiring the mandatory licenses. Beforehand listed on Malaysia’s Investor Alert Checklist since 2021, Bybit additionally exited France in August resulting from stricter rules beneath the EU’s Markets in Crypto-Property (MiCA) framework.
