Lim Guan Eng Archives - BlockTribune

Cryptocurrency Regulation Now In Effect In Malaysia

The Securities Commission Malaysia (SC) has announced that guidelines to regulate crypto trading and initial coin offerings (ICO) will go into effect today.

In a statement, Malaysian Finance Minister Lim Guan Eng said that digital currencies and digital tokens as defined in the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 were prescribed as securities and would be regulated by the SC.

Malaysia To Release Crypto Regulation In Q1 2019

News, Regulation | November 28, 2018 By: David Pimentel

Malaysian Finance Minister Lim Guan Eng said that regulations for cryptocurrency exchanges and initial coin offerings (ICO) will come into force in the first quarter of 2019.

Speaking at the FinTech Conference 2018 organized by the Malaysian Securities Commission (SC), Lim said that the SC had given him an update that the regulations would be part of the commission’s efforts to facilitate alternative fundraising avenues and new investment asset classes.