SC accuses Huobi Global Limited of operating an unregistered unregistered digital asset exchange

Comparatively, the Malaysian Securities Commission (SC) has taken action against Huobi Global Limited and its CEO Leon Li, accusing them of operating an unregistered digital asset exchange (DAX) in Malaysia. Additionally, SC has ordered Huobi Global Limited to cease operations in the country, including disabling its website and mobile apps on multiple platforms such as the Apple Store, Google Play, and any other digital app platform.