[Binance in Talks with Malaysian Regulators to Re-enter the Local Market] BlockBeats reported on October 31st, citing Bloomberg, that Binance stated it is discussing the feasibility and structure of a licensed business model with Malaysian regulators, seeking a formal return to the local market. A spokesperson stated that they have been communicating with the Malaysian Securities Commission and the Central Bank for the past 10 months, but did not disclose the specific type of license they intend to apply for. In July 2021, the Malaysian Securities Commission determined that Binance was illegally operating a digital asset trading platform and ordered it to cease its local operations and marketing activities. The commission had previously removed Binance from its investor warning list in 2024, but reinstated it this month without explanation. Regarding MP Lim Guan Eng's request to investigate whether his P2P platform facilitated ringgit transactions under the guise of other currencies, Binance stated that it has proactively closed a Papua New Guinea Kina trading market that was informally linked to the ringgit. The latest complaint concerns individual advertisements posted by a non-Malaysian user on the Ley market in Romania. Binance stated that this does not represent a continued attempt to circumvent local laws and that it will continue to cooperate with regulators to provide services in a compliant manner. [Original Link]