[{"data":1,"prerenderedAt":104},["ShallowReactive",2],{"/blog/torum-dropped-dax-register-2026":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":93,"coverPics":18,"date":94,"description":95,"extension":96,"meta":97,"navigation":98,"path":99,"seo":100,"stem":101,"type":102,"__hash__":103},"blogs/blog/torum-dropped-dax-register-2026.md","Malaysia's DAX register quietly drops to five as Torum disappears from the list","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":84},"minimark",[11,19,22,34,39,46,50,53,59,64],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Exchange desk","/img/blog/gen/torum-dropped-dax-register-2026.svg",[12,20,21],{},"Sometimes the register speaks and nobody else does.",[12,23,24,25,29,30,33],{},"The Securities Commission's latest list of registered Digital Asset Exchanges — updated as of 26 June 2026 — shows ",[26,27,28],"strong",{},"five operators",": HATA Digital, Luno Malaysia, MX Global, SINEGY DAX and Kinetic DAX. Missing: ",[26,31,32],{},"Torum International Sdn Bhd",", which had appeared on the register since receiving approval-in-principle in February 2024 as Malaysia's sixth DAX and second digital broker.",[35,36,38],"h2",{"id":37},"what-we-know","What we know",[12,40,41,42,45],{},"Torum — subsidiary of the SocialFi platform backed by KuCoin Labs and Huobi Ventures — never publicly launched its exchange in the more than two years since its conditional approval. It remained on the register through the December 2025 list update and into early 2026, before dropping off in the current one. ",[26,43,44],{},"No SC media release or revocation announcement accompanied the removal",", and no press coverage of it exists that we could find; a conditional registration lapsing or being withdrawn would be consistent with the pattern, particularly after May's revised guidelines raised financial and operational requirements — though the SC has not said so.",[35,47,49],{"id":48},"the-reminder","The reminder",[12,51,52],{},"Conditional approval is a runway, not a licence to coast. Of the operators granted approval-in-principle since 2019, most made it to launch — but not all. For users, the practical guidance is unchanged: the authoritative list of who may serve Malaysians is the SC's register, checked today, not a press release from two years ago.",[12,54,55],{},[56,57,58],"em",{},"This item is based primarily on the SC's official register; no secondary coverage of the removal was available at the time of writing.",[60,61,63],"h3",{"id":62},"references","References",[65,66,67,77],"ul",{},[68,69,70],"li",{},[71,72,76],"a",{"href":73,"rel":74},"https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges",[75],"nofollow","Securities Commission Malaysia — List of Registered Digital Asset Exchanges (updated 26 June 2026)",[68,78,79],{},[71,80,83],{"href":81,"rel":82},"https://www.blockhead.co/2024/02/29/homegrown-startup-torum-wins-provisional-license-for-crypto-exchange-in-malaysia/",[75],"Blockhead — \"Homegrown startup Torum wins provisional license for crypto exchange in Malaysia\" (29 Feb 2024)",{"title":85,"searchDepth":86,"depth":86,"links":87},"",2,[88,89],{"id":37,"depth":86,"text":38},{"id":48,"depth":86,"text":49,"children":90},[91],{"id":62,"depth":92,"text":63},3,"News","2026-06-26","Torum International — granted approval-in-principle as Malaysia's sixth DAX in February 2024 — is absent from the SC's latest register update, with no official explanation published. Its exchange never launched.","md",{},true,"/blog/torum-dropped-dax-register-2026",{"title":5,"description":95},"blog/torum-dropped-dax-register-2026","blog","YdrTNUUI35lSol7eSxt-THSrX6Uk6_AoG12T2poCMpo",1784183598916]