Malaysia’s Finance Minister: Crypto regulation to be enforced Q1 2019

posted 5 months ago
Malaysian Finance Minister Lim Guan Eng has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges will come into effect in Q1 2019.

Speaking in Kuala Lumpur at the FinTech Conference 2018 organised by Malaysia’s Securities Commission, he revealed that the new regulations are part of efforts by the Malaysian Securities Commission to catalyse the growth of alternative fundraising and investment in new asset classes. He also said that Malaysia “seeks to encourage private sector growth and reduce government fiscal burdens… Through this, we hope to be able to achieve faster fund disbursements to support a broader range of deserving MSMEs, as well as provide greater transparency to how public funds are being utilised.”
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