Binance in Malaysia: Regulatory Status and the SC's Enforcement

This page used to walk Malaysian readers through Binance identity verification. We pulled that and replaced it with what you're reading now. Binance is a banned platform in Malaysia, and explaining how to open an account there would be pointing people down a road the regulator has clearly closed.

Here's the public record, checked in July 2026. Every point below names its source, so you can open it and read it yourself.

What the SC did, and where things stand

Malaysia's securities regulator is the Securities Commission Malaysia (SC, or Suruhanjaya Sekuriti Malaysia). On 30 July 2021 the SC published a media release announcing enforcement action and a public reprimand against Binance for operating a digital asset exchange (DAX) without registration. That release is the source for most of what follows (SC media release, 30 July 2021).

The provisions the SC relied on in that release are sections 7(1) and 34(1) of the Capital Markets and Services Act 2007: operating a digital asset exchange requires registration with the SC as a Recognised Market Operator.

• The advice to stop and withdraw comes from the SC's 2021 release, which states that people holding accounts with Binance are strongly urged to immediately cease trading through its platforms and withdraw all their investments immediately. Those are the SC's words, not our recommendation.
• On 16 July 2026, Prime Minister and Finance Minister Anwar Ibrahim told Parliament, answering a question from MP Lim Guan Eng, that Binance is still not licensed or registered with the SC and that its website and app remain blocked in Malaysia (Free Malaysia Today, 16 July 2026).
• Binance is not on the SC's list of registered digital asset exchanges. That page carries an update date of 26 June 2026 and names five operators. Binance is not among them.

One point that's easy to read backwards: the SC took Binance off its Investor Alert List in 2024, on the basis that the company no longer carries out regulated activities in Malaysia — that's how Anwar put it in the reply above. So "Binance isn't on the alert list" is true, and it does not mean the ban lifted. The same reply says the block and the lack of registration both still stand. Not finding Binance on the alert list is not evidence of the opposite.

What this means for users in Malaysia

Three practical consequences:

• How the SC frames unauthorised entities. On its Investor Alert List page the SC states that if you invest through unauthorised entities and individuals, you will not be protected under Malaysian securities laws. That is the SC's general wording about the entities on that list. Binance came off the list in 2024, and it is also absent from the SC's register of DAX operators — two separate facts. What follows from them in your particular situation isn't a call we make.
• Access is blocked. Per Anwar's 16 July 2026 reply, the site and app not loading locally is the result of enforcement and blocking, not a fault at your end.
• The SC's 2021 release tells existing account holders to stop and withdraw. If you opened an account earlier, go by what that release says rather than what any guide, this one included, tells you.

To be clear about what this is: KYC Lane is an independent information guide, and this is not legal advice. Each point above is attributed to a specific release or reply because statements that belong to the regulator should come from the regulator. What the rules mean for your own circumstances is a question for the SC's current notices and lists, and for a qualified professional in Malaysia if you need one.

How to check it yourself

Don't take our word for it, and don't take any single site's word for it either. These are the SC's own sources:

• The SC's list of registered digital asset exchanges — this is the one to check if you want to know whether a platform is registered in Malaysia. The page carries its own update date. Not on the list means not registered.
• The SC's media release of 30 July 2021 on its enforcement action against Binance — it sets out the reasoning, the sections of law relied on, and the advice to existing account holders.
• The SC's Investor Alert List — the entities the SC has named as unauthorised. Note that Binance was removed in 2024, so not finding Binance here tells you nothing about whether it's registered. Use the first list for that.
• Reporting on Anwar's parliamentary reply of 16 July 2026 — the source for the blocking status and the alert-list removal.

This page was checked in July 2026. Regulatory status changes and lists get updated — when you're making a decision, go by the SC's notices and lists as they stand at that moment, not by this page.

Where we stand

KYC Lane is an independent information guide. We are not Binance official, and we have no connection to the SC. We do not promote Binance registration to readers in Malaysia — there's no referral code and no sign-up link on this page, and that's deliberate.

If you're in Malaysia, follow the SC's guidance. If you already hold an account, the advice in the SC's 2021 release is to stop trading and withdraw your assets. We don't give investment advice, this isn't legal advice, and we can't tell you how the law applies to your situation — that's a question for a qualified professional in Malaysia.

If you're outside Malaysia, the rest of our verification material still applies, provided Binance is legally available where you live, which is yours to confirm. The complete Binance identity verification (KYC) guide is the place to start.