This link would be of help:
https://www.imoney.my/articles/binance-malaysia/ampCan you use Binance in Malaysia? Officially, no. Binance is listed on the Securities Commission Malaysia's (SC) Investor Alert List, which identifies unauthorised websites, products, companies or individuals. The SC advises investors not to invest with any companies or individuals that aren't licensed or approved.
Binance to be disabled in MalaysiaThe SC has also made it harder for Malaysians to access Binance. On July 30, it announced that it would take enforcement actions against Binance for continuing to operate illegally in Malaysia. It has ordered Binance to:
Disable the Binance website (
www.binance.com) and mobile applications in Malaysia within 14 business days from July 26, 2021
Immediately cease all media and marketing activities, including circulating, publishing or sending any advertisements and/or other marketing material, whether via emails or otherwise, to Malaysian investors
Immediately restrict Malaysian investors from accessing Binance’s Telegram group
Seem more than a year already since his country was blocked from accessing the platform including the app. He must not be a regular trader for not noticing it.
Is binance safe? Here's the quote written in the article using VPN may instead cost you more trouble. A warning for other countries that are not friendly to crypto.
if you choose to invest with Binance through VPNs, you’re doing so at your own risk. And the risks can be high – a quick glance of the Binance subreddit shows a ton of threads from disgruntled users who discovered missing coins or have been locked out of their account. According to these users, the Binance’s customer support only responds to their cases weeks later, if at all.
Some US citizens shared that they were able to resolve their account issues by reporting to the Consumer Finance Protection Bureau. Malaysians won’t have this option, as the exchange is not regulated here.
