Tag: MALAYSIA

malaysia 2131286 1280

Malaysian official calls the state to legalize NFTs crypto

March 21, 2022

The Malaysian Ministry of Communications and Multimedia, KKMM is seconding the adoption of virtual currencies, with the deputy minister convening the government to legalize crypto. Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has prompted Malaysia’s regulators to legalize specific use cases of virtual currencies and nonfungible tokens. Recently, Malaysia’s finance minister said that […]

malaysia 2131286 1280

Crypto Unsuitable as Mode of Payment or Store of Value: Malaysia’s Deputy Finance Minister

March 4, 2022

Nurul Anwar in Dewan Rakyat, a member of Parliament raised a question regarding the role of government in monitoring and regulating cryptocurrency in Malaysia. In response, Malaysian Deputy Finance Minister Yamani Hafez Musa said that virtual currencies like Bitcoin and Ethereum are unsuitable as a payment mechanism. Normally, digital assets are doesn’t hold a store […]