Malaysia’s Ministry of Finance announced on July 16 that Binance is not licensed or registered with the Securities Commission Malaysia (SC) to conduct capital market activities in the country [1, 2]. Officials confirmed Binance’s website and app continue to be blocked for users in Malaysia [1, 2, 3].
This statement came in response to a parliamentary question from Lim Guan Eng (PH-Bagan) about whether Binance would be granted an operating licence and why the exchange was removed from the SC’s Investor Alert List [1, 2, 3]. The SC removed Binance from the Alert List in 2024 after determining the company was no longer conducting regulated activities in Malaysia [1, 2, 3].
Despite the block and lack of licensing, the Ministry of Finance and SC said they maintain an open policy that encourages participation from all capital market players, including innovative firms, to develop Malaysia’s capital market ecosystem [1, 2, 3]. The SC also affirmed its commitment to engage with global companies seeking to operate in Malaysia’s capital markets [1, 2, 3].
The SC added it will continue monitoring Binance’s activities and take appropriate action if new violations or risks to local investors arise [1, 2, 3].
On July 17, the Ministry of Finance reiterated that access to Binance’s platforms remains blocked in Malaysia, as reported by Malay Mail [3].
The government’s latest statements clarify Binance’s status as unlicensed and blocked, while expressing openness to regulated market participation. The Securities Commission will maintain oversight to protect investors and enforce compliance.
