Woops, is Huobi about to get in trouble with Malaysian regulators?
In a follow-up tweet, the SC said that any operations that perform or offer capital market activities within the country require its approval. Those who aren’t granted such approval are considered unlicensed or unregistered entities. Local authorities say investors are “strongly urged” not to invest in such operations.
Additionally, the SC highlighted that anyone who does utilize such a service does so at a risk and would not be able to legally resolve monetary losses. Such a statement does not bode well for the exchange. Local investors responded to the tweet by saying a simple fix is to change exchanges. In an official statement, the Huobi Group responded to Cointelegraph, stating that compliance is a core pillar of its business model in every country of its operations:
"We are currently in discussions with Malaysian regulatory authorities regarding our presence in the local Malaysian market."In countries such as Australia and the United States, Huobi is taking steps toward expansion. Australian
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