M'sian regulators likely to enforce licensing for cryptocurrency exchanges


Shinhan Bank is in the process of selecting a company to test a bitcoin vault and wallet platforms. Subject to the regulator

PETALING JAYA: Malaysian regulators are looking to clamp down on initial coin offerings or ICOs by expanding the definition of “securities” in existing laws, according to industry sources.

The regulator is also likely to require some form of licensing for cryptocurrency exchanges to operate on Malaysian shores.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , cryptocurrency , ico , exchanges , regulators , bitcoins , Luno ,

Next In Business News

Qualms despite tariff pause
Challengers to Genting dominance
Outlook report offers clues to PETRONAS plans
New healthcare listings get a check-up
Cheaper energy storage, greener future
Khazanah’s diversification route
Tengku Zafrul: Malaysia optimistic about trade growth in 2025, to maintain levels above RM2 trillion
Icons of their time
Need to change (part 2)
Adapting retail and mall strategies for Year of the Snake

Others Also Read