tuesday, 15 january of 2019


Malaysia to regulate initial coin offerings, cryptocurrency trade

Malaysia will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies, the finance minister said in a statement on Monday (Jan 14).

The minister said an order to recognise digital currencies and digital tokens as securities will come into force on Jan 15, under the regulation of the Securities Commission Malaysia.

The commission is expected to launch a framework by end of the first quarter, putting in place "the relevant regulatory requirements for the issuance of ICOs and the trading of digital assets at digital asset exchanges in Malaysia", the finance minister said.

(Published by Channel New Asia, January 14, 2019)

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