Malaysian government explores policies to bring regulation to …

23 hours ago · The Malaysian Prime Minister, Datuk Seri Anwar Ibrahim, recently announced that the country was exploring policies to help it recognize digital assets and blockchain technology …

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FAQs about Malaysian government explores policies to bring regulation to … Coupon?

Could blockchain technology be a useful tool for Malaysia's government?

Blockchain technology could also be a useful tool for the Malaysian government in its quest for automation in various service sectors and building smart cities. Blockchain, the way data is structured, is more than just a decentralized database. ...

Why should Malaysia regulate cryptocurrency?

As a rapidly developing economy with a significant interest in technology and finance, Malaysia’s approach to cryptocurrency regulation is crucial in shaping its financial market’s trajectory and its integration into the global digital economy. ...

Will Malaysia switch to blockchain by 2025?

Although the Malaysian high-tech industry and government group announced that Malaysia will switch to the blockchain by 2025, the government is considering its use at least in sectors such as land registration, halal industry and Islamic technology, fintech. industry. ...

What are Malaysia's cryptocurrency laws?

Investor protection is another critical element of Malaysia’s cryptocurrency legislation. The regulations mandate comprehensive risk disclosures by cryptocurrency platforms to ensure that investors are well-informed about the potential risks associated with digital currency investments. ...

Can blockchain be regulated in Malaysia?

It can be thought of as the “internet of value.” Blockchain as a technology is not subject to regulation in Malaysia. However, the various applications based on this technology could be considered for regulation and should ideally not function without some kind of regulatory oversight. ...

Are Malaysians willing to invest in cryptocurrencies?

Almost half (49%) of Malaysians said that they are willing or open to investing in cryptocurrencies. The survey received 3,033 responses nationwide, from which stratified sampling of 1,518 was conducted to achieve a more representative sample of the Malaysian population. ...