Wu said that the Securities Commission of Malaysia (SC) took action against Huobi Global Limited and its CEO Leon Li on May 22, alleging that they operated an unregistered digital asset exchange (DAX) in Malaysia. The SC has ordered Huobi Global Limited to cease operations in the country and stop disseminating, publishing or sending any advertisements to Malaysian investors.
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The Securities Commission Malaysia (SC) took action against Huobi Global Limited and its CEO Leon Li on May 22, alleging that they operated an unregistered digital asset exchange (DAX) in Malaysia.
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