Market Cap: $2.7169T 0.160%
Volume(24h): $71.5916B -1.670%
  • Market Cap: $2.7169T 0.160%
  • Volume(24h): $71.5916B -1.670%
  • Fear & Greed Index:
  • Market Cap: $2.7169T 0.160%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82992.240739 USD

-0.74%

ethereum
ethereum

$1905.557390 USD

-0.09%

tether
tether

$1.000184 USD

0.02%

xrp
xrp

$2.288240 USD

-2.48%

bnb
bnb

$639.836036 USD

0.18%

solana
solana

$125.371788 USD

-2.70%

usd-coin
usd-coin

$1.000156 USD

0.01%

cardano
cardano

$0.709189 USD

-2.10%

dogecoin
dogecoin

$0.168054 USD

-3.39%

tron
tron

$0.225003 USD

5.02%

chainlink
chainlink

$14.178727 USD

2.78%

unus-sed-leo
unus-sed-leo

$9.821699 USD

-0.06%

toncoin
toncoin

$3.542072 USD

3.56%

stellar
stellar

$0.270845 USD

-0.96%

hedera
hedera

$0.188253 USD

-1.44%

Cryptocurrency News Articles

Malaysia Considers Creating Cryptocurrency Policy to Modernize Its Financial System

Jan 16, 2025 at 08:24 am

This comes after discussions between Prime Minister Datuk Seri Anwar Ibrahim, Abu Dhabi leaders, and Changpeng Zhao (CZ), the founder of Binance.

Malaysia Considers Creating Cryptocurrency Policy to Modernize Its Financial System

Prime Minister Anwar Ibrahim of Malaysia discussed cryptocurrency policy regulation during a three-day official visit to Abu Dhabi. He met with UAE leaders and Changpeng Zhao, the former CEO of Binance, one of the world’s largest cryptocurrency exchanges. Anwar highlighted the need for Malaysia to adapt to evolving global financial trends and adopt cryptocurrency-friendly regulations.

“This is an evolution that happens quickly and requires us to be equally fast. Malaysia should not be left behind in an outdated financial system,” Anwar said, describing the shift toward cryptocurrency as a “radical departure from the old ways.”

Anwar mentioned that UAE policymakers expressed interest in collaborating with Malaysia to develop a framework for cryptocurrency regulation, which would involve extensive discussions and moving away from antiquated financial models.

The prime minister stated that relevant Malaysian authorities, including the Treasury, the Securities Commission and Bank Negara Malaysia, would conduct detailed studies on cryptocurrency. These studies would cover aspects such as training personnel, building expertise and engaging industry players. Anwar acknowledged that there would be concerns about the new policy, but highlighted the need to prepare Malaysia for the era of digital finance.

Malaysia's move toward cryptocurrency regulation comes amid increased scrutiny of the industry by the authorities. On Dec. 27, the Securities Commission ordered Bybit, a major crypto exchange, to stop operating in Malaysia. The regulator accused Bybit of operating an unregistered digital asset exchange in the country.

Earlier, on Dec. 23, the Securities Commission added Atomic Wallet to its investor alert list. Other platforms like Paxful, KuCoin and MEXC were also flagged for operating without proper registration in Malaysia.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 19, 2025