Malaysia’s Securities Watchdog Plans Cryptocurrency Regulations

Malaysia’s securities regulator has revealed it is planning a regulatory framework for cryptocurrencies.

Speaking yesterday at the SCxSC Digital Finance Conference in Kuala Lumpur, the chairman of Securities Commission Malaysia (SC), Tan Sri Ranjit Ajit Singh, explained that SC is working on “relevant regulations and guidelines” for functional use cases of digital assets. These include “secondary market trading of established cryptocurrency and digital assets” in the capital market, he said.

According to a report by Edge Markets, Ranjit indicated that SC is working closely with the country’s central bank, Bank Negara Malaysia (BNM), to sketch out a framework on cryptocurrencies that it expects to finalize in the coming months.

He reportedly said: […]

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