Framework announced and effective: 20 May 2026. This archive review uses information available by 18 June.
The Securities Commission Malaysia's revised DAX framework streamlines product approvals while increasing operators' accountability, governance and client-asset safeguards.
The SC's FAQ revised on 20 May explains the listing framework and additional financial requirements. Existing operators have an interim period ending 20 May 2028 to meet those financial requirements.
The changes concern regulated platforms and eligible assets. They do not make every token available or permit an unregistered platform to operate in Malaysia.
The announcement also says DAX operators will join the Financial Markets Ombudsman Service in 2026, adding a formal dispute-resolution avenue. This was an announced implementation plan, not confirmation that every operator had already joined by June.
Sources: SC release, 20 May 2026; SC DAX FAQ, revised 20 May 2026.