• Malaysia set to impose harsh new ICO and cryptocurrency laws

    7 monthes ago - By The Next Web

    The Malaysian government is regulating initial coin offerings and cryptocurrency trading. According to a statement issued by Lim Guan Eng, the country's Minister of Finance, launching unauthorized ICOs or participating in the exchange of digital goods could result in a 10-year jail term and a $2,4 million. The order, which will acknowledge digital currencies and tokens as securities, will be enforced on January 15 by the Securities Commission Malaysia. In his statement, the Finance Minister said: “The Ministry of Finance views digital assets, as well as its underlying blockchain...
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