The Malaysian regulator has demanded that crypto exchange Huobi Global cease operations in the country, as well as disable its website and mobile application on the Apple Store, Google Play and other platforms for Malaysian citizens, as well as stop showing any advertising to local investors.
SC urged Malaysian investors who used Huobi Global to immediately stop trading on the platform, withdraw all their funds from it and delete their accounts. The regulator advised traders to trade only on registered platforms that have passed strict regulatory checks and comply with Malaysian securities laws.
