G G ... SEC Malaysia has listed Binance as illegal website

https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/list-of-unauthorised-websites-investment-products-companies-individuals

Guess what !! Today SEC Malaysia has just listed Binance as a unauthorized website for Malaysia. What does this meant that if you are using Binance and lost a lot of money you can't really complained about it just because you've already been warned.

Does it meant Malaysians can't use Binance ?

Nah ... it actually meant to give notice for those who are actively participating in investments, that Binance is not legally authorized for use here in Malaysia and by already knowing this, if you still continue to use it you've been warned and you could potentially loose all your money.

Well .. somewhere along those lines. ...

I do hope that Binance actually starts talking to the govt to get compliance here in Malaysia since it is among the largest crypto exchange in the world and could play a significant role in growing the ecosystem here in Malaysia.

Oh well ... cheers all and have a great day !!

Posted Using LeoFinance