Malaysia’s central banker wants to see cryptos regulated by year’s end

Asia Malaysia Regulations

Speaking during the Global Symposium on Developing Financial Institutions, Malaysia’s Bank Negara governor Tan Sri Muhammad Ibrahim said that he hopes for cryptocurrency regulations the be released by year’s end.

“We hope to come out with guidelines on cryptocurrencies before the end of the year: in particular, those relating to anti-money laundering and terrorist financing. We want to ensure that there are clear guidelines for those who want to participate in this sector,” the governor said.

The governor’s comments can be read as an indication of the government’s positive outlooks on cryptocurrencies and its will to have them legalized under legal supervision.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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