Malaysia Outlawed Initial Coin Offerings (ICOs)

Crypto Law Introduced in Malaysia

Malaysia’s financial authority has officially published a set of guidelines that will regulate and legalize IEOs. As the guidelines published by the country’s financial authority has considered IEO as legal, hence ICOs are now considered as illegal and will be the only way for token sales to be conducted and the newly introduced crypto token sale regulation will be officially implemented in the second quarter of 2020.

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