in 2020 and to take further action, the Malaysian Communications and Multimedia Commission has been requested to block access to the cryptocurrency platform.
At the time of writing, Remitano is inaccessible in Malaysia unless connected via VPN. Remitano has also issued a notice on their platform informing users may face problem accessing remitano.com and suggests using their other alternative domains. According to the Securities Commission, operating a DAX without obtaining approval from SC as a Registered Market Operator is an offence under Section 7 of the Capital Markets and Services Act 2007. Violators can be fined up to RM10 million or put behind bars for not more than 10 years, or both.on Tuesday, SC has urged all investors to immediately cease trading through Remitano and to withdraw all of their investments before the site is blocked permanently.
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