KUALA LUMPUR (Reuters) – Malaysia will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies, the finance minister said in a statement on Monday.
The minister said an order to recognise digital currencies and digital tokens as securities will come into force on Jan. 15, under the regulation of the Securities Commission Malaysia.
The commission is expected to launch a framework by end of the first quarter, putting in place “the relevant regulatory requirements for the issuance of ICOs and the trading of digital assets at digital asset exchanges in Malaysia”, the finance minister said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.