Tag Archives: Malaysia

Malaysia: Finance Regulator, Central Bank Say Cryptocurrency Regulation ‘Being Put in Place’

Malaysia’s finance regulator and central bank issued a joint press statement Dec. 6 in which they confirmed they were “putting in place” legislation on cryptocurrency and Initial Coin Offering (ICO) assets. The statement from the Malaysia’s Securities Commission (SC) and Bank Negara Malaysia (BNM), which follows comments from senior government official that regulation of the sector could appear… Read More »

Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

Advertisement The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. In a joint statement, Securities Commission Malaysia and Bank Negara Malaysia disclosed that this arrangement will be restricted to ensuring compliance only with the regulations and laws that fall under the oversight authority… Read More »

‘Hope Coin’: The Story of Malaysia’s Crypto Political Fundraising Platform

The ongoing controversy surrounding Malaysia’s proposed political cryptocurrency, Harapan Coin, is far from letting up. On Nov. 26, the country’s finance minister, Lim Guan Eng, weighed in on the issue by reiterating that any entity looking to issue a cryptocurrency should first refer to Bank Negara Malaysia (BNM) and the Securities Commission: “Don’t do it without Bank Negara’s guidelines or… Read More »

Malaysia Set to Enforce Cryptocurrency Regulations in Q1 2019, Says Finance Minister

Malaysia’s Finance Minister announced that the country would enforce regulations for cryptocurrency exchanges and ICOs in the Q1 2019. Cryptocurrency Regulations to Come in Q1 2019 According to The Star Online, Lim Guan Eng, Malaysia’s Finance Minister, revealed that regulations guiding virtual currency exchanges and initial coin offerings (ICO) would be implemented in the first quarter of 2019.… Read More »

Malaysia’s Finance Minister: Crypto Regulation to be Enforced in Q1 2019

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Malaysian Finance Minister Lim Guan Eng has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges and ICOs will come into effect in Q1 2019. Speaking in Kuala… Read More »

Malaysia Plans to Enact Crypto Regulation in Q1 2019, Finance Minister Reports

Malaysia will enact regulations for cryptocurrency and Initial Coin Offerings (ICO) in Q1 2019, local English-language news media outlet The Star reported Nov. 28. The publication quoted finance minister Lim Guan Eng, who said Wednesday said the country’s regulator, the Securities Commission (SC), had updated him with a timeframe for the new rules. The move will form “part… Read More »

Malaysia’s Finance Minister Says Crypto Issuance Must Defer to Central Bank

Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM). The minister’s comments were reported by local English-language daily broadsheet the New Straits Times (NST) Nov. 26. The finance minister outlined his stance in response to a question from parliamentary member Dr… Read More »

Central Bank has Final Say on Cryptocurrency Issuance: Malaysia’s Finance Minister

Advertisement Twitter Facebook LinkedIn Malaysia has indicated that the country’s central bank has the last word regarding the introduction of new cryptocurrencies. According to the Minister of Finance, Lim Guan Eng, the country’s central bank Bank Negara Malaysia (BNM), will have to be consulted regarding cryptocurrency projects as the final decision rests with the apex bank. “This is… Read More »

Ripple Adds 5th-Largest Southeast Asian Bank to Enterprise Blockchain Network

Advertisement Twitter Facebook LinkedIn RippleNet is expanding its network of banks by adding Malaysia’s CIMB Group to its fold. CIMB is the ASEAN’s fifth-largest bank and will team up with Ripple to work on enabling instant cross-border payments for CIMB’s markets. RippleNet’s customer base now constitutes over a hundred global financial institutions, which CIMB will be able to… Read More »

Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud

Advertisement Twitter Facebook LinkedIn The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Known as the e-Scroll system, the… Read More »