Bank Negara to decide by Dec 31 if alternative cryptocurrency should be banned

Decision soon: Muhammad speaking at the launch of the conference in Kuala Lumpur. He says if Malaysia decides to recognise digital currencies, then guidelines will be issued on Malaysia’s approach towards investing in it.

KUALA LUMPUR: Those investing in cryptocurrency will know by the end of the year if it would be a legal investment scheme in Malaysia.

As other countries have increasingly banned this form of currency, Bank Negara governor Tan Sri Muhammad Ibrahim said that it would make a decision on the matter by the end of the year.