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Cryptocurrencies issued in Malaysia must go through central bank

Monday, November 26, 2018 by Piyush Suthar | Comments

Home News Tech Cryptocurrencies issued in Malaysia must go through central bank

If you thought cryptocurrencies could be kept away from the watchful eyes of banks and governments, think again. Malaysian Finance Minister, Lim Guan Eng, said that all cryptocurrencies must go through Bank Negara Malaysia, the country’s central bank, before being issued to the public, reports the New Straits Times. “I advise all parties wishing to introduce Bitcoin (style) cryptocurrency to refer first to Bank Negara Malaysia as it is the authority that will issue the decision on financial mechanism,” said Lim Guan Eng, during parliamentary questioning. The country is remaining open to cryptocurrencies, but for the most part, it sounds…

This story continues at The Next Web

Authored by Piyush Suthar
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