Malaysia Discusses Legalizing Bitcoin, Regulatory Obstacles


  • The Malaysian legislature is apparently gotten in touch with to legislate transfer on bitcoin and other cryptocurrencies.
  • “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them,” its deputy minister stated.
  • Regulatory duty falls on the Bank Negara Malaysia– reserve bank of Malaysia– and the Securities Commission who is presently “assessing the value proposition of central bank digital currency.”

Malaysia’s deputy minister of The Ministry of Communications and Multimedia (K-KOMM), Zahidi Zainul Abidin, resolved the lower bicameral branch of federal Malaysian legislature– referred to as the Dewan Rakyat– to provide a call-to-action for Malaysian parliament to embrace cryptocurrencies such as bitcoin as legal transfer, according toBloomberg


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