Bank Negara Malaysia Urged to Classify Crypto

Malaysia Bank- Crypto News

The Malaysian Blockchain Regulatory Report urged the Bank Negara Malaysia and the Securities Commission Malaysia to classify and define cryptocurrencies for clearing the uncertainty in the market. The report made by the Faculty of Law of the University of Malaya (UM) and Quanta RegTech Capital plc (QRC) also emphasized the need to clarify the tax treatment for cryptocurrency and exchanges.

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