According to online reports, the Securities Commission of Malaysia (SC) issued a consultation document on July 1, proposing a comprehensive reform of the digital asset exchange (DAX) regulatory framework. The new rules will allow eligible digital assets to be listed without prior approval, while also requiring exchanges to improve governance standards, enforce customer asset isolation and meet higher financial thresholds. The move aims to speed up the token listing process, expand product supply and enhance investor protection. Malaysia's digital asset transactions reached a record high of RM13.9 billion (approximately US$2.9 billion) in 2024, double the previous year. The public consultation period will last until August 11, 2025.