The Securities Commission Malaysia (SC) has set its sights on Bybit, a well-known cryptocurrency exchange, for offering illegal digital asset trading services in Malaysia. This move comes as global regulations continue to tighten, emphasizing the necessity for crypto exchanges to adapt to avoid harsh penalties or even shut down operations.
Despite the crackdown, tokens are still trading close to their all-time highs, showing resilience in the crypto market even amidst regulatory challenges. Exchanges like Bybit must navigate the evolving regulatory landscape carefully to maintain their operations and reputation.
