Malaysia has intensified its regulatory crackdown on Bybit, a prominent cryptocurrency exchange, citing unauthorized operations and non-compliance with local financial laws. The Securities Commission (SC) of Malaysia has ordered Bybit to halt all activities in the country and disable its website and app for Malaysian users. This move aligns with Malaysia's broader efforts to regulate crypto markets and protect investors from unlicensed platforms. Bybit has responded by urging Malaysian customers to withdraw funds promptly. The incident highlights the growing tension between crypto platforms and regulators as governments worldwide work to establish stricter oversight of the rapidly evolving crypto sector.