The Securities Commission of Malaysia (SC) has ordered cryptocurrency exchange Bybit to cease operations in the country. Bybit allegedly operated an unregistered digital asset exchange (DAX). The SC has ordered Bybit to disable its website and digital platforms within 14 business days and stop advertising to Malaysian investors. Bybit CEO Ben Zhou was told to comply with these directives. The SC has warned investors to only use registered DAX platforms. The Malaysian government has taken various steps to combat crypto-related crimes through 2024. We welcome your comments.