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KUALA LUMPUR: The Securities Commission Malaysia (SC) has reprimanded Remitano for operating a digital asset exchange (DAX) in Malaysia without authorisation and has included the entity on its Investor Alert list. In a statement today, the regulator said it viewed this transgression as serious and is working with the Malaysian Communications and Multimedia Commission (MCMC) to block Remitano’s website. We have also written to Google and Apple to disable the operation of Remitano’s mobile applications in Malaysia,” it said. It said operating a DAX without obtaining SC’s approval as a Registered Market Operator (RMO) is an offence under Section 7 of the Capital Markets and Services Act 2007. ....