This page contains affiliate links. We may earn a commission if you sign up through our links, at no extra cost to you.
MEXC in Malaysia 2026: SC Regulations & MYR Guide
Guide for Malaysian traders on MEXC — Securities Commission regulatory framework, MYR deposit options, DuitNow payment support, and MEXC features available from Malaysia.
Last updated: 2026-02-26
Regulations
Malaysia's Securities Commission (SC) regulates Digital Asset Exchanges (DAX) under the Capital Markets and Services Act. SC-registered exchanges (Luno, MX Global, Tokenize) are the only permitted platforms for Malaysian crypto trading under SC rules. MEXC is not SC-registered but is accessible. The SC has warned against using unregistered exchanges, though MEXC is not blocked.
MEXC and Malaysian Regulations
Malaysia's Securities Commission actively promotes its licensed DAX ecosystem and has issued warnings about using unregistered platforms. However, MEXC is not blocked and Malaysian users access it for broader coin selection and advanced trading features unavailable on SC-registered exchanges. MEXC operates without a Malaysian license, meaning SC consumer protection does not apply to MEXC balances.
Malaysian traders typically use SC-licensed exchanges for MYR on/off ramps and MEXC for trading breadth. The two-exchange approach allows compliance with Malaysian regulations for fiat transactions while accessing MEXC's superior selection.
MYR Deposit Methods on MEXC
DuitNow (Malaysia's instant bank transfer system) is the most popular P2P payment method for Malaysian MEXC users. Major Malaysian banks including Maybank, CIMB, Public Bank, and RHB all participate in DuitNow, making instant MYR transfers widely available.
Touch 'n Go e-wallet is also commonly used for smaller P2P transactions. To fund via P2P: navigate to the marketplace, select Buy USDT, filter by MYR and DuitNow, choose a verified seller, and complete the DuitNow transfer. Funds typically arrive within minutes.
Malaysian MEXC User Community
Malaysia has an active crypto community, particularly in Kuala Lumpur and Penang, with significant interest in DeFi and altcoin trading. MEXC's platform is available in English, which is widely spoken in Malaysia, making it accessible without a Malay-language localization. Customer support is available in English for Malaysian users.
The Malaysian MEXC trading community is active on Telegram and Facebook, sharing information about new listings, P2P seller recommendations, and trading strategies. These community channels are valuable resources for Malaysian users navigating the platform.
Crypto Taxation in Malaysia for MEXC Users
Malaysia does not currently impose a specific capital gains tax on cryptocurrency trading. However, crypto income from trading activities conducted as a business may be subject to income tax. The Inland Revenue Board of Malaysia (LHDN) has not issued comprehensive crypto tax guidance, creating ambiguity for active traders.
Malaysian users who trade MEXC should document their trading activity and consult a Malaysian tax professional for guidance on their specific situation. The regulatory and tax landscape for crypto in Malaysia continues to develop.
Frequently Asked Questions
Is MEXC legal in Malaysia?
MEXC is not licensed by Malaysia's Securities Commission as a Digital Asset Exchange, but it is accessible to Malaysian users. The SC has warned against unregistered exchanges but has not blocked MEXC. Malaysian users trade on MEXC outside the SC regulatory framework.
Can I use DuitNow for MEXC P2P in Malaysia?
Yes — DuitNow is one of the most popular P2P payment methods for Malaysian MEXC users. Filter by MYR and DuitNow in the P2P marketplace to find available sellers. It is the most convenient instant payment method for Malaysian traders.
Is cryptocurrency taxed in Malaysia?
Malaysia does not have a specific capital gains tax on crypto. However, income from crypto trading conducted as a business may be subject to income tax. Individual traders should consult a Malaysian tax professional for their specific situation.
Does MEXC block Malaysian users?
No — MEXC does not block Malaysian users. The platform is fully accessible from Malaysia and has an active Malaysian user base.
What is the difference between MEXC and Malaysia's SC-licensed exchanges?
SC-licensed Malaysian exchanges (Luno, MX Global, Tokenize) are regulated, offer MYR bank account deposits directly, and provide Malaysian consumer protection. MEXC is unregulated in Malaysia but offers far more coins, lower fees, and advanced features. Many Malaysian traders use both for their respective advantages.
Cryptocurrency trading involves significant risk. Never invest more than you can afford to lose.