to cryptocurrencies one of the countries with high interest Southeast Asian country MalaysiaThere are also important developments for the crypto money industry.
According to Bloomberg’s report Malaysian Ministry of Communications He called on the government to legally accept cryptocurrencies, especially Bitcoin.
“Let Cryptocurrencies Be Legal!”
Zahidi Zainul Abidin, Deputy Minister of Communications, announced his proposal to legalize cryptocurrencies at today’s Parliament meeting.
NFTs Zahidi gave a comprehensive answer to the question posed to him regarding the issue, and said:
“The cryptocurrency industry is becoming more and more popular among the younger generation.
As a ministry, we are looking for ways to increase youth participation in the crypto industry and legalize cryptocurrencies.
In this context, we hope that the government can allow Bitcoin and cryptocurrencies. Thus, we can increase youth cryptocurrency uptake.”
Zahid, cryptocurrency regulation He pointed out that the country falls under the jurisdiction of the central bank and the Securities Commission.
Singapore-based cryptocurrency investment fund Zhu Su, co-founder of Three Arrow Capital He announced the news about the legalization of cryptocurrencies in Malaysia in his post on Twitter.
Comms Ministry in Malaysia proposes adopting cryptocurrency as legal tender “to help the younger generation who are active users of the currency, especially on non-fungible token (NFT) trading platforms”https://t.co/m4vXcsfMRr
— Zhu Su 🔺🌕 (@zhusu) March 21, 2022