Bursa Malaysia Rejects Crypto Trading: 'It Doesn't Fit Our Mission'

Crypto on Bursa Malaysia: A No-Go

Could Bursa Malaysia join the crypto craze? Not so fast.

Does Crypto Align with Bursa's Goals?

"We've looked into crypto," says Bursa Malaysia CEO Datuk Muhamad Umar Swift, "but it doesn't fit our mission."

Bursa's goal is to "create opportunities and grow value." Crypto, Swift argues, doesn't meet that mark.

Crypto: Not a Real Asset

"Crypto has no intrinsic value," Swift explains. "It's not a real asset."

Bursa's exchange aims to help companies raise capital and support the real economy. Crypto, Swift believes, doesn't align with that purpose.

Crypto: Just Trading for Trading's Sake

"Crypto is just trading for the sake of trading," Swift says. "It doesn't contribute to economic growth."

While he understands the appeal of crypto, Swift emphasizes Bursa's commitment to its core mission.

Bursa's Multi-Asset Exchange: A Different Focus

Despite being a multi-asset exchange, Bursa Malaysia has chosen to focus on products that support its goals.

Bursa Carbon Exchange trades carbon credits, while Bursa Gold Dinar facilitates gold investments. BR Capital provides fundraising avenues for issuers.

Bitcoin's Surge: Not Swaying Bursa

Even with Bitcoin hitting record highs after the SEC's approval of spot bitcoin ETFs, Bursa remains unmoved.

Swift believes crypto doesn't fulfill the exchange's fundamental premise of helping companies grow and contribute to the economy.