Bank Negara Malaysia issues new digital currency regulation
Proposed regulation aims to hold digital exchanges to higher standard of transparency
Malaysia’s central bank has published a new set of regulations aimed at making transactions using digital currency more transparent.
Published on December 14, Bank Negara Malaysia’s (BNM) consultation document outlines new minimum requirements and reporting standards digital exchanges will have to adhere to.
“The invocation of reporting obligations on digital currency exchangers is the first step towards making digital currency activities more transparent in Malaysia,” says the BNM in a
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