KUALA LUMPUR: The Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a cecentralised exchange (DEX) without authorisation from the SC. The SC will also seek the assistance of the Malaysian Communications and Multimedia Commission (MCMC) to block RimauSwap’s website. “The SC also warns all unregistered DEX operators in Malaysia to immediately cease their activities. “Operating a DEX without registration with the SC is an offence under the Malaysian securities laws. “In addition, the SC urges investors to only trade with RMOs that are registered with the SC, and to refer to the SC’s website for a list of registered RMOs,” it said.

Source: The Star October 08, 2021 07:52 UTC