Malaysian Ministry Proposes Legal Tender of Crypto Currency

(Bloomberg) -- Malaysia’s Communication Ministry has proposed to the government that crypto currency such as bitcoin be adopted as legal transfer, its deputy minister Zahidi Zainul Abidin told Parliament on Monday.

• “We hope the government can allow this,” Zahidi said. “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.”
• Crypto currency falls under the purview of the country’s central bank and Securities Commission, he added
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