Update To Regulation Of Digital Currency/Digital Token In Malaysia.
Legal News & Analysis - Asia Pacific - Malaysia - Capital Markets - Banking & Finance - Regulatory & Compliance
5 February, 2019
The Securities Commission Malaysia has announced that it will be regulating and issuing guidelines for the offering and trading of digital currency and digital token (collectively, “digital assets”).
A Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 came into force on 15 January 2019. That order prescribes the types of digital assets as securities for the purposes of the Capital Markets and Services Act 2007, and extends the provisions of that Act, other than Division 3 of Part VI of that Act.
For further information, please contact:
Cheryl Liew Xin Yi, Shearn Delamore & Co