Digital currencies not legal tender in Malaysia, says BNM

Bank Negara Malaysia says digital currency users are not protected by existing banking laws in the case of any dispute or losses arising from risks. – EPA pic, December 14, 2017.

BANK Negara Malaysia yesterday warned that digital currencies are not legal tender in the country, advising the public to carefully evaluate the risks in such dealings.

The central bank said in a statement that financial institutions in Malaysia did not provide arrangements for digital currency businesses, NST Online reported,

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