Currency Bill 2019 provides for hefty fines


  • Nation
  • Tuesday, 16 Jul 2019

KUALA LUMPUR: Business entities intending to issue local cryptocurrencies in Malaysia may run foul of the law and face a RM50mil fine under the proposals in the Currency Bill 2019.

The Bill, which was tabled at the Dewan Rakyat yesterday, is to ensure that Bank Negara remains the sole authority over the Malaysian currency.

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