meta_id 3343875

On August 19, 2024, the Securities Commission Malaysia (SC) revised its Guidelines on Digital Assets, updating the framework that governs digital asset activities in Malaysia's capital market. The SC originally issued the Guidelines on Digital Assets on October 28, 2020, and this represents the third significant revision since their inception, following updates on December 19, 2022, and February 5, 2024. The SC published a Summary of Amendments to the Guidelines on Digital Assets on August 19, 2024, detailing the specific changes introduced in this latest revision. The Guidelines establish the regulatory requirements for digital asset service providers operating in Malaysia, including initial exchange offering (IEO) operators and digital asset custodians. The framework addresses registration, operational standards, and compliance obligations for entities seeking to participate in Malaysia's digital asset ecosystem. The Guidelines apply to all persons and entities engaged in digital asset activities that fall within the SC's regulatory remit under the Securities Commission Act 1993 (SCA). The revisions ensure the regulatory framework remains responsive to developments in digital asset markets and evolving international standards for crypto-asset regulation. Market participants, including prospective IEO operators and digital asset custodians, should review the amended Guidelines to understand updated requirements and ensure compliance. The SC maintains registration forms and application procedures for digital asset custodians under Section L of the Guidelines. Entities seeking to operate as IEO operators or provide digital asset custody services should consult the revised Guidelines and relevant application forms available on the SC's website to determine their obligations under the updated framework. **Reference:** Securities Commission Malaysia. Guidelines on Digital Assets (Revised August 19, 2024). Available at: https://www.sc.com.my/