WE refer to a letter by Dr Paul Selva Raj, CEO of Fomca (Federation of Malaysian Consumers Associations), titled “Policy confusion over cryptocurrencies” that was published in The Star on Dec 9 (online at bit.ly/star_crypto).
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have been working collaboratively to develop policies and regulations related to cryptocurrencies and digital assets with the aim of facilitating responsible innovation while managing any emerging risks related to this nascent sector. For the purposes of digital assets, BNM and SC are regulating a specific set of business activities. This was stated in a joint statement issued by BNM and SC on Dec 6,2018.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
