Atomic Wallet Blacklisted in Malaysia Over Unregistered Operations

The post Atomic Wallet Blacklisted in Malaysia Over Unregistered Operations appeared first on Coinpedia Fintech News

The Securities Commission of Malaysia has blacklisted Atomic Wallet for operating an unregistered digital asset exchange. The regulator did not elaborate further, but Atomic Wallet’s 2023 hack, which led to over $100 million in losses and multiple lawsuits, likely contributed to its inclusion. Atomic Wallet now joins other crypto firms, including Crypto Trade Malaysia and Best Exchange, on the country’s prohibited list. This move underscores Malaysia’s firm stance on unregulated crypto activities, aiming to protect investors and maintain market integrity.