Malaysian Central Bank Considers Banning Cryptocurrencies
Malaysian Central Bank governor said two days ago about the upcoming regulation that the idea of ban has not disappeared.
Speaking at the financial crimes conference in Kuala Lumpur, Bank Negara Malaysia(BNM) director said that before the end of the year, it will be clear what will be done about cryptocurrencies.
İbrahim In his continued statements, he said that Malaysia’s final stance on the issue may not be very firm.
According to Malaysian Insight:
“We will make a decision on banning cryptocurrencies before the end of the year. The outlines we will publish will address issues related to registration of users, data collection and transparency of everything they do.”
We wish the media to be patient for more information:
“We are only in October. We will share details with you in less than three months.” said
Although they previously said they would not regulate Bitcoin, BNM said in September that they would create a regulation for crypto assets. BNM issued a warning last month for users involved in Blockchain token sales.
This warning was issued after the decision from the Chinese authorities to stop all token sales. Due to regulatory pressure and ban, leading cryptocurrency exchanges announced that they are closing their doors voluntarily.
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