---

Securities Commission Malaysia Allows Licensed Brokers to Enter Digital Asset Trading

On 30 January 2026, the Securities Commission Malaysia (SC) issued a Practice Note allowing licensed stockbrokers with a Capital Markets Services Licence (CMSL) to offer broking services for certain digital assets now recognised as securities. Brokers must trade only SC-approved assets on a cash-upfront basis, with no margin, lending, or discretionary trading. Firms are required to notify the SC, have policies independently audited, and ensure staff have the necessary expertise. Digital assets must come from licensed local exchanges or vetted foreign platforms, with client assets fully segregated and held by SC-registered custodians. Brokers must also provide clear disclosures on custody arrangements, blockchain events, and operational risks. The framework brings digital asset trading within Malaysia’s regulated capital markets while strengthening investor protection and market integrity.

---

Gold and Silver Slide Sharply as Dollar Strength Triggers Risk-Off Selling

Gold prices fell 3.9% to $4,768.50 per ounce as a stronger US dollar and declining equity markets prompted investors to reduce exposure to precious metals, while profit-taking and margin pressures added to selling pressure. Silver dropped even more sharply, falling 12.1% to $77.36 per ounce amid high valuations and risk-off trading. The moves come after recent record highs, with volatility remaining elevated across global markets. Analysts note that while short-term pressure could continue if the dollar stays strong, gold fundamentals remain largely unchanged, and prices could rebound depending on equity market stability, currency trends, and geopolitical developments, including US-China and US-Iran talks.

---

Bank Negara Malaysia Reviews 35 Stablecoin and Digital Asset Proposals

Bank Negara Malaysia (BNM) has received around 30–35 applications for stablecoin and digital asset initiatives, including several ringgit-based projects currently being tested in its Digital Asset Innovation Hub, a regulatory sandbox providing firms with flexibility to trial financial solutions. Speaking at the Forum Ekonomi Malaysia 2026, Governor Datuk Seri Abdul Rasheed Ghaffour noted that stablecoins and digital assets are likely to remain permanent features of the financial ecosystem, emphasizing that the central bank’s goal is to support innovations that serve legitimate business and economic purposes while maintaining strict safeguards to protect financial stability and consumers. Projects that successfully complete testing may eventually be commercialized, reflecting BNM’s balanced approach to integrating digital assets responsibly into Malaysia’s financial landscape.

KDX (formerly Tokenize Malaysia) is a Digital Asset Exchange (DAX) registered with Securities Commission Malaysia (SC). Buy, sell, and manage cryptocurrencies easily with Ringgit Malaysia (MYR) on the only bank-backed regulated crypto exchange invested by Kenanga.