Close Menu
    • Fintech Startups Malaysia – List of Fintech Startups and Fintech Companies in Malaysia
    • Fintech Jobs Malaysia
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Webinar Inquiry APAC
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About
      • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Press Release
    • Submit
      • Submit Press Release
      • Submit Fintech Startup
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Your Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia
    part of Fintech News Network

    Fintech News Network

    LinkedIn Facebook X (Twitter) Instagram YouTube TikTok RSS
    Free Newsletter
    • Blockchain
    • Digital Banking
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    Fintech News Malaysia

    Fintech News Network

    Home»Blockchain/Bitcoin»Securities Commission Malaysia Cautions Against Illegal Crypto ATMs
    Blockchain/Bitcoin

    Securities Commission Malaysia Cautions Against Illegal Crypto ATMs

    Fintech News MalaysiaFintech News MalaysiaJuly 9, 20202 Mins Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    SC Cautions Investors on the Usage of Crypto ATMs
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    The Securities Commission Malaysia (SC) cautioned the public against the usage of Crypto ATMs. Crypto ATM are machines that allows individuals to buy and/or sell digital assets like Bitcoin and Ethereum, and XRP. These machines are installed in various locations in Malaysia, facilitating the exchange of different types of digital assets with fiat currency and vice versa.

    The regulator reiterates that Crypto ATM operators are considered to be operating a Digital Asset Exchange (DAX) which requires registration with the SC. In this regard, the SC said that it has not authorised any entity to operate Crypto ATMs.

    The SC also warned all unauthorized Crypto ATM operators in Malaysia to immediately cease their activities. Operating a DAX without authorization from the SC is an offense under Malaysian securities laws. Anyone convicted may be liable to a fine not exceeding RM10 million or imprisonment up to ten years or both.

    Members of the public may verify if a digital asset operator is registered with the SC. Additionally, investors are encouraged to alert the SC if they come across any suspicious activities or websites, and if they receive any unsolicited phone calls or e-mails offering investment advice and opportunities, especially those that offer high returns with seemingly little or no risks.

    ReportMalaysia Fintech Report 2026Read
    Securities Commission Malaysia
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Malaysia
    • Facebook
    • X (Twitter)

    Related Posts

    Binance in Malaysia License Talks Amid US$6.3 Billion Crypto Hack

    November 2, 2026

    5 Initiatives Are Underway for Stablecoins and Tokenised Deposits in Malaysia

    October 30, 2026

    BNM Wants Islamic Finance to Move Beyond Tokenisation Pilots

    October 27, 2026

    What Happens to Your Crypto If a Digital Asset Custodian Fails?

    October 27, 2026

    What’s the Point of Stablecoins In Malaysia When We Already Have DuitNow?

    October 23, 2026

    Malaysia and Thailand Join Singapore’s BLOOM Initiative

    October 23, 2026

    BNM Launches SSDS+ Platform for Tokenised Bonds and Sukuk

    October 20, 2026

    Ledger Calls for Crypto Wallet Sales Halt Across Southeast Asia, Hong Kong

    October 15, 2026
    AI Sponsored

    Banks Want More Than AI Tools, They Want Agents That Can Act

    October 16, 2026
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • X / Twitter
    • Instagram
    • YouTube
    • TikTok
    MY Fintech Startup Directory

    Malaysia Fintech Startup Directory

    Featured Fintech Whitepaper

    Navigating today's era of AI and agentic banking

    Featured Fintech Reports

    Sumsub Report

    LexisNexis Solutions

    Featured Fintech Event

    Hong Kong FinTech Week and StartmeupHK

    AI Sponsored

    Why Banks Need to Own Their AI, Not Just Use It

    Izzat Najmi Abdullah October 21, 2026
    Featured Webinar Replay

    How Fintechs Can Thrive in the Age of AI

    Who Wins the Next Era of Embedded Finance?

    Featured Fintech Videos

    How Do Institutions Keep Their Crypto Safe

    Is BNPL The Greatest Evil?

    Hong Leong's New Card Is Forged in Fire And You Can't Apply for It

    Featured Fintech Job

    Whitepapers & E-Books
    State of Digital Trust: AI Governance Benchmark
    State of Digital Trust: AI Governance Benchmark
    Sumsub
    Upcoming Fintech Events
    Country
    Who Is Responsible When an AI Agent Makes a Payment?
    December 2, 2026
    Featured Online
    Singapore Blockchain Week (SBW 2026)
    November 13, 2026
    Malaysia, Singapore
    Smart Nation Expo
    November 17, 2026
    -
    November 19, 2026
    Malaysia
    -
    Kuala Lumpur
    Promote Event View More
    Fintech Jobs
    Rating
    Senior Vice President (SVP), Technology
    Kuala Lumpur
    Tranglo
    Head of Product — Fintech (Credit Bureau / BNM-Regulated)
    Kuala Lumpur
    PeopleLAKE Group
    Head of Collections
    Kuala Lumpur
    Monee
    Head, Group Corporate Finance & Investment
    Kuala Lumpur
    TNG Digital
    Sr. Distribution Partner Development Manager
    Kuala Lumpur, Full-time
    Amazon Web Services Malaysia
    View More
    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Press Release
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Your Vacancy
    • Submit Interview Request
    • Fintech Events in Malaysia
    • Malaysia Fintech Startup Directory – List of Fintech Startups and Fintech Companies in Malaysia
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Australia
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Network UAE
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Press Release
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Your Vacancy
    • Submit Interview Request
    • Fintech Events in Malaysia
    • Malaysia Fintech Startup Directory – List of Fintech Startups and Fintech Companies in Malaysia
    • Privacy Policy / Disclaimer
    © 2015 - 2026 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.