Bank Negara hopes to issue cryptocurrency rules by year end


A Bitcoin (virtual currency) souvenir coin being distributed at a conference on virtual currencies in Moscow last month. – EPA pic, September 19, 2017.

BANK Negara Malaysia (BNM) is planning to issue guidelines on cryptocurrency by year end, said Governor Muhammad Ibrahim today. 

He said cryptocurrency, or digital currency, had attracted a lot of attention from central banks around the globe.

“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 is a clear guideline for those who want to participate in this particular sector,” he said on the sidelines of the Global Symposium on Development Financial Institutions in Kuala Lumpur today. – Bernama, September 19, 2017.


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