Summary
- Lim alleges Binance P2P facilitates ringgit transactions through foreign currency codes.
- Calls for investigation into possible regulatory breaches and money laundering risks.
- Urges Securities Commission to consider enforcement action if allegations are proven
KUALA LUMPUR, November 2 — Bagan MP Lim Guan Eng has urged the Securities Commission Malaysia to investigate allegations that Binance’s peer-to-peer platform.
Facilitates ringgit-to-USDT transactions disguised under Romanian leu currency listings. Lim said merchants allegedly advertised “MYR ONLY” transactions despite previous regulatory restrictions.
He cited an earlier case involving Papua New Guinea’s currency code, which prompted regulatory intervention.
Lim called for investigations into possible securities law violations, money laundering risks and renewed enforcement measures if the allegations are substantiated.
