SC and BNM asks to be cautious over ICOs

SC and ENM warns against ICOs

The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) had cautioned the public over the Initial Coin Offerings (ICO) schemes. The public is supposed to check if the institutions that offer ICOs are licensed by law. It is also emphasized that the ICO operators should not undertake activities such as banking and foreign exchange administration without authorization.

Leave a Reply

Your email address will not be published. Required fields are marked *