Malaysian Central Bank to Issue Cryptocurrency Rules

Announcements, ICO News, Regulation | September 20, 2017 By:

Bank Negara Malaysia (BNM), the country’s central bank, is planning to create cryptocurrency guidelines by the end of the year.

BNM Governor Tan Sri Muhammad Ibrahim said that the central bank hopes in particular to create rules relating to money laundering and terrorist financing.

Muhammad was speaking on the sidelines of the Global Symposium on Development Financial Institutions in Kuala Lumpur. The comments follows the Securities Commission of Malaysia’s warning on the potential risk of initial coin offerings (ICO).