The two allegedly lured three women to invest in their BTC scheme for guaranteed returns over a seven-month period, according to reports.
The China Construction Bank had postponed the trading of the bond at first before eventually withdrawing it.
The Securities Commission of Malaysia said the move was designed to support “responsible innovation in the digital asset space.”
Power theft in Malaysia by alleged block reward miners continues to be a big challenge for the country’s authorities.
The three-day event will bring together stakeholders, regulators and innovators to chart the future of financial technology in the Islamic world.
Authorities said the monthly electricity bill for the locations came to just above $200 despite the block reward mining operations.
The Securities Commission of Malaysia said industry feedback would “complement the existing frameworks for Digital Asset Exchange and Initial Exchange Offering.”
The Malaysia Securities Commission has stated that Binance is “operating a recognized market without authorization from the SC”.
Firms operating digital currency ATMs are technically operating digital asset exchanges, which need to be authorized by the regulator.
Police in Malaysia have arrested 14 Chinese men who have been targeting investors from China. They would pose as successful investors to lure their victims.