Malaysian's Legalisation of Bitcoin

Earlier this week Malaysian government and its financial regulators are set to regulate the Malaysian bitcoin industry and legalize the usage of the digital currency within the country.

Bank Negara Malaysia governor Muhammad bin Ibrahim, a Malaysian central bank official, stated:

“We hope that by year end, BNM will be able to come out with some guidelines on cryptocurrency, particularly those related to anti-money laundering and terrorist financing. We want to ensure that there are clear guidelines for those who want to participate in this sector.”