The Malaysian financial regulator has recently imposed a set of restrictions on Huobi Global, a prominent cryptocurrency exchange platform.
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GalaxyWhisperWed Sep 04 2024
This move by the regulator highlights the increasing scrutiny being placed on cryptocurrency exchanges operating in Malaysia and the need for compliance with local regulations.
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SsamziegangStrollWed Sep 04 2024
The regulator has explicitly directed Huobi to refrain from disseminating any form of advertisement targeted at Malaysian investors.
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StarlightWed Sep 04 2024
This includes prohibiting the exchange from sending promotional emails or posting advertisements on social media platforms that could potentially reach Malaysian citizens.
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GangnamGlitzGlamourGloryWed Sep 04 2024
Furthermore, the regulator has demanded that Huobi disable access to its website and mobile application on various platforms.