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Malaysia Regulator Orders Crypto Exchange Huobi Global Limited To Stop Operations

Cryptocurrency exchange Huobi Global Limited has to stop operations in Malaysia after its regulator found it was operating without being registered. The Securities Commission Malaysia on Monday said the exchange has to disable its website and mobile apps on platforms including the Apple Store and Google Play, according to a press release. Huobi Global Limited’s CEO Leon Li specifically was ordered to make sure the exchange disables its site, and stop circling advertisements among other directives. The regulator also warned investors when choosing platforms and said to be wary of “too good to be true” returns.

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