2 years ago
The Securities Commission Malaysia (SC) ordered Huobi Global to halt operations successful the country, including disabling its website and mobile applications, due to the fact that it is operating a integer plus speech without registration.
The regulator told the institution to cease circulating, publishing oregon sending advertisements to Malaysian investors, according to an Monday announcement.
Operating a integer plus speech without obtaining registration from the SC arsenic a Recognised Market Operator is simply a offence nether the Capital Markets and Services Act.
The regulator ordered CEO Leon Li to guarantee the directives are carried out, and urged Malaysian investors utilizing Huobi Global to halt trading connected its platform, retreat their funds and adjacent their accounts.
Huobi has been contacted for comment.
Edited by Sheldon Reback.
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