Malaysia should adopt crypto as legal tender, ministry says

Malaysia’s Communications and Multimedia Ministry oversees the digital and broadcasting sectors, with tasks ranging from the rollout of 5G mobile networks to attracting investments into the technology industry. Zahidi didn’t specify what involvement the ministry has in digital assets. — Reuters

Malaysia should adopt Bitcoin and other cryptocurrencies as legal tender, the deputy minister of the Communications and Multimedia Ministry said.

“We hope the government can allow this,” Zahidi Zainul Abidin said in Parliament on Monday, responding to a question from an opposition member of the legislature.