Malaysia will be enforcing regulations for the cryptocurrency industry in the country
- Malaysian Finance Minister was speaking at a Fintech conference, on regulation for the country on cryptocurrencies.
- These new regulations expected to be effective in Q1 of 2019, targeting exchanges and ICOs.
Malaysia are set to put in place regulations for the cryptocurrency industry within the country. Exploring guidelines for exchanges and ICOs, which will be in effect by Q1 of 2019. This is according to the Malaysian finance minister.
Lim Guan Eng, Malaysia’s Finance Minister, detailed that the regulations will be guiding digital currency exchanges and ICOs, will be put into effect Q1 2019. Comments from the finance minister being made at the Fintech Conference 2018.
Further detailing that this action is of a wider effort to expediate different means of raising funds and investment in a new asset. A move being made to further help protect all those involved with cryptocurrencies.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
