The Malaysian Securities Commission plans to reform the framework of the Digital Asset Exchange (DAX), proposing a series of regulatory enhancements to accelerate token listings and strengthen investor protection. The new regulations suggest allowing digital assets that meet minimum requirements to go online without prior approval, while increasing the responsibility of exchange operators. In addition, the proposal includes mandatory customer asset segregation and higher governance and operational requirements to address digital asset trading risks. DAX operators also need to meet higher financial thresholds to enhance the platform's operational and financial resilience. The public can submit feedback between June 30th and August 11th, and the consultation document has been published on the SC official website.