KUALA LUMPUR: The Ministry of Energy, Green Technology, and Water (KeTTHA) and Tenaga Nasional Bhd
have on Friday informed the public they are not connected to a cryptocurrency platform, called Coinzer.
In a joint statement, they said the usage of KeTTHA’s and Tenaga’s name in Coinzer’s white paper and website is misleading as the ministry and the national electric utility corporation have neither authorised nor endorsed it.
“KeTTHA and Tenaga also wish to advise that their name and logo should not be used without proper authorisation by any third party,” it said.
StarBiz reported on Tuesday Bank Negara Malaysia had issued an alert about Coinzer as digital currencies are not legal tender in Malaysia. It also said that it does not authorise or endorse Coinzer.
“The use of BNM logo and Jata Negara on the proposed physical coin design, white paper and website https://www.coinzer.co are unauthorised,” it said.
Bank Negara advised the public to exercise caution and carefully evaluate the risks associated with investment in digital currencies.
“Digital currencies are not legal tender in Malaysia. Accordingly, digital currencies are not covered by prudential and market conduct standards or arrangements that are applicable to financial institutions regulated by Bank Negara,” it said.
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