Malaysian Financial Watchdogs Issue Statement On Crypto Regulations

ICO News, News, Regulation | December 8, 2018 By:

The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM), the country’s central bank, have issued a joint statement to provide clarity on the regulation of cryptocurrencies in the country.

The SC and the central bank said that regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection.

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South Korea Plans To Tax Cryptocurrencies And ICOs, Says Incoming Finance Minister

ICO News, News, Regulation | December 4, 2018 By:

Hong Nam-ki, South Korea’s incoming finance minister, said that the government is planning to tax cryptocurrencies and initial coin offerings (ICO).

In a written statement submitted to the National Assembly for his confirmation hearing, Hong said that the taxation plan would be finalized in accordance with the creation and progress of the taxation infrastructure and the trend on international discussions.

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