Digital currencies set to go mainstream

Digital coin: A file picture showing an image of bitcoin and US currencies displayed on a screen at a conference in Singapore. Led by bitcoin and ethereum, the typical daily trading volume of all major cryptocurrencies combined is well in excess of US2bil (RM8.24bil) these days. — AFP

Bank Negara’s move to regulate the tokens expected to instil public confidence in their viability

Salient points
• Guidelines to be unveiled before year-end
• Sceptics concerned about risks of fraud and volatility
• Digital monies can be the new norm