Is Bybit legal in Malaysia? SC order 2024 and the DAX list
No sign-up button for Malaysia: we show one only where we have verified the Bybit referral offer for that country.
Is Bybit legal in Malaysia? Short answer
Bybit is not on the SC list of registered digital asset exchanges (updated 20 July 2026). The SC reprimanded Bybit on 27 December 2024 for operating a digital asset exchange in Malaysia without registration. There is no Bybit sign-up button on this page. The SC release and the SC register were read on 22 October 2026; the Bybit restricted list is dated 16 October 2026.
| Question | Answer per the source | Source | Date |
|---|---|---|---|
| SC action against Bybit | Public reprimand; website and apps to be disabled in Malaysia | SC release | 27 December 2024 |
| Bybit on SC list of registered DAX | Not listed | SC list | 20 July 2026 |
| Malaysia on Bybit restricted list | Not named | Bybit Help Center | 16 October 2026 |
| Malaysian nationals on Bybit EU | Named as not available (our check 20 October 2026) | Bybit EU Help Center | 7 May 2026 |
What the Securities Commission ordered in December 2024
The SC reprimanded Bybit Technology Limited (formerly Bybit Fintech Limited) and CEO Ben Zhou (Yuchen Zhou). It said that operating a digital asset exchange in Malaysia without registration as a Recognized Market Operator is an offence under Section 7(1) of the Capital Markets and Services Act 2007. Bybit had been on the SC Investor Alert List since July 2021. The SC ordered Bybit to disable Bybit’s website and mobile applications in Malaysia within 14 business days from 11 December 2024, to stop advertising and to close its Telegram group. The release says: “Bybit has complied with all of the SC’s directive”.
Is Malaysia on Bybit’s restricted list?
Malaysia is not named in the Bybit list “Service Restricted Countries” (last updated 16 October 2026). That is not the same as being registered in Malaysia: the SC decides registration, and Bybit is not on its list. Bybit EU also lists Malaysia among the nationalities it is not available to.
Who is registered in Malaysia
The SC list updated 20 July 2026 names HATA Digital Sdn Bhd, Luno Malaysia Sdn. Bhd., MX Global Sdn Bhd, SINEGY DAX Sdn Bhd and Kinetic DAX Sdn Bhd. We list them as the SC does, without ranking or recommendation.
What we could not confirm
We found no official SC statement of a change in status after the release of 27 December 2024, so we do not say Bybit is on or off that list. We found no official page for a Bybit Card in Malaysia and do not write about one.
What this page does and does not say
This page repeats what the SC release, the SC register and the Bybit lists state, with their dates. It does not say whether using Bybit from Malaysia is legal for you personally, and it does not rank exchanges. If a source changes, we update the fact and its date.
Why we show no Bybit button in Malaysia
The SC says Bybit operated without registration and ordered it to stop, and Bybit is not on the SC register. So this page links to no Bybit sign-up and shows no code. We do not advise using a VPN, another country or another nationality in a sign-up form.
Related pages
See How we verify and our editorial policy.
FAQ
The questions above are answered from the sources listed in this page’s front matter.
Facts and sources
| Fact | Source | Checked |
|---|---|---|
| On 27 December 2024 the SC publicly reprimanded Bybit Technology Limited (formerly Bybit Fintech Limited) and its CEO Ben Zhou (Yuchen Zhou) for operating a digital asset exchange in Malaysia without registration, an offence under Section 7(1) of the Capital Markets and Services Act 2007. | Securities Commission Malaysia: SC takes enforcement action against Bybit for illegally operating a DAX in Malaysia (27 December 2024) | |
| The SC ordered Bybit to disable Bybit's website and mobile applications in Malaysia within 14 business days from 11 December 2024, stop advertising and close its Telegram group. The release says Bybit has complied with all of the SC's directive. | Securities Commission Malaysia: SC takes enforcement action against Bybit for illegally operating a DAX in Malaysia (27 December 2024) | |
| The release says Bybit had been on the SC Investor Alert List since July 2021 and reminds investors to deal only with Recognized Market Operators registered with the SC. | Securities Commission Malaysia: SC takes enforcement action against Bybit for illegally operating a DAX in Malaysia (27 December 2024) | |
| Section A of the SC list updated 20 July 2026 names HATA Digital, Luno Malaysia, MX Global, SINEGY DAX and Kinetic DAX. Bybit is not on it. | Securities Commission Malaysia: List of Registered Digital Asset Exchanges (updated list as of 20 July 2026) | |
| Malaysia is not named in the Bybit Service Restricted Countries list last updated 16 October 2026. | Bybit: Service Restricted Countries (last updated 16 October 2026) | |
| Bybit EU says its services are not available to nationals of several countries including Malaysia (page last updated 7 May 2026). | Bybit EU: Service Restricted Countries, Bybit EU (last updated 7 May 2026) |
FAQ
Is Bybit legal in Malaysia?
We do not give legal advice. The SC said on 27 December 2024 that operating a digital asset exchange in Malaysia without registration is an offence under Section 7(1) of the Capital Markets and Services Act 2007, and it reprimanded Bybit Technology Limited and its CEO for doing so. Bybit is not on the SC list of registered digital asset exchanges updated 20 July 2026.
Why was Bybit ordered to stop in Malaysia?
The SC said Bybit operated a digital asset exchange in Malaysia without being registered as a Recognized Market Operator. It ordered Bybit to disable Bybit's website and mobile applications in Malaysia within 14 business days from 11 December 2024, and to stop advertising and close its Telegram group.
Did Bybit comply with the SC order?
The SC release says "Bybit has complied with all of the SC's directive".
Is Malaysia on Bybit's restricted countries list?
No. Malaysia is not named in the Bybit Help Center list "Service Restricted Countries" (last updated 16 October 2026). That list is different from registration in Malaysia, which the SC list covers.
Can Malaysian citizens use Bybit EU?
By our check on 20 October 2026, Bybit EU names Malaysia among the nationalities its services are not available to (page last updated 7 May 2026).
Which exchanges are registered with the SC?
The SC list updated 20 July 2026 names HATA Digital Sdn Bhd, Luno Malaysia Sdn. Bhd., MX Global Sdn Bhd, SINEGY DAX Sdn Bhd and Kinetic DAX Sdn Bhd. This is a list, not a recommendation.