The Securities Commission Malaysia proposes to allow licensed exchanges to independently approve token listings starting from 2026

Techub News, according to Finance Feeds, the Securities Commission Malaysia (SC) has proposed allowing licensed cryptocurrency exchanges to independently approve token listings starting from 2026.

The proposal, issued as the "Public Consultation Paper No. 3 of 2025," suggests a liberalized listing framework that shifts decision-making power from the regulator to the exchanges. Under this model, exchanges registered as "Recognized Market Operators" will assume responsibility for assessing whether tokens meet the listing criteria. In exchange for this authority, exchanges must comply with enhanced governance, security, and transparency requirements, ensuring that investor protection remains a top priority.