‘Cryptocurrencies not recognised as legal tender’


Reports by MARTIN CARVALHO, FATIMAH ZAINAL and ASHLEY TANG

CRYPTOCURRENCIES are still not recognised as legal tender in Malaysia as they do not exhibit characteristics of universal money, says Deputy Finance Minister II Yamani Hafez Musa.

He said cryptocurrencies, also known as digital assets, is also not a payment instrument that is regulated by Bank Negara.

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