Legalising NFT, cryptocurrency will spark growth of new economy


  • TECH
  • Saturday, 26 Mar 2022

MCMC's call to legalise NFT and crypto is a step towards boosting new economies in Malaysia, say proponents of digital assets. — REUTERS

The Communications and Multimedia Ministry’s (MCMC) recent proposal about legalising non-fungible tokens (NFT) and crypto mining activities has been well-received by the those in the local NFT and cryptocurrency industry.

A local startup founder involved in the NFT GameFi industry, Datuk Clifford Hii said that the industry welcomed it as a sign that the government recognised how important this new industry was and legalisation was the first step in bringing it into mainstream consciousness.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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!
   

Next In Tech News

This exoskeleton can boost your physical capabilities
This AI-focused chip is powered by light
Study warns users about health information on TikTok
Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
Google plans $3 billion data center investment in Indiana, Virginia
X tells Brazil court 'operational faults' allowed blocked users to remain active
TikTok general counsel to step down, will focus on fighting US law
Google asks court to throw out US advertising case
Apollo, KKR and Stonepeak to invest in JV to fund Intel's Ireland facility, Bloomberg reports
Televisa to merge its satellite TV, cable units 'as soon as possible'

Others Also Read