What is a non-custodial wallet?

A non-custodial wallet allows users to retain control of their private keys and funds.

Are non-custodial wallets regulated in Malaysia?

Yes, they must comply with SC Malaysia guidelines, including KYC and AML requirements.

How can I develop a compliant non-custodial wallet?

Integrate compliance features such as KYC verification and transaction monitoring into the wallet software.

SC Malaysia DA · Non-Custodial Wallet

Malaysia Non-Custodial Wallet – Compliant Development

Launch a non-custodial wallet in Malaysia with compliance controls mapped to SC Malaysia and SC Malaysia DA. Block Intelligence builds production software; independent counsel handles licensing.

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Compliance scope

Malaysia · Non-Custodial Wallet

Malaysia regulates digital asset exchanges and token offerings through Securities Commission guidelines. Platforms must meet custody, AML, and market integrity standards.

Jurisdiction	Malaysia
Regulator	SC Malaysia
Product	Non-Custodial Wallet

Software

Built-in compliance controls

Self-custody key generation and secure backup flows
WalletConnect / chain signing with transaction simulation
Optional KYC-gated features for regulated on-ramps
Phishing protection and address allowlisting
Privacy-preserving analytics for product ops (not user PII)
Enable user-controlled key management to enhance security.
Implement KYC checks during wallet setup for compliance.
Provide transaction monitoring features to detect suspicious activities.

View Non-Custodial Wallet service Related case study

Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.

FAQ

Frequently asked questions

What is a non-custodial wallet?: A non-custodial wallet allows users to retain control of their private keys and funds.
Are non-custodial wallets regulated in Malaysia?: Yes, they must comply with SC Malaysia guidelines, including KYC and AML requirements.
How can I develop a compliant non-custodial wallet?: Integrate compliance features such as KYC verification and transaction monitoring into the wallet software.