The Malaysian Ministry of Communications and Multimedia (KKMM) has recommended to the government that cryptocurrencies such as Bitcoin (BTC) be accepted as legal tender in the country.
local news agency Harian Subwayof March 21 Deputy Minister of Communications and Multimedia of Malaysiasi Datuk Zahidi Zainul Abidinin his speech in parliament on Monday, his government Cryptocurrencies like Bitcoin and non-fungible tokens (NFT) urged to legalize certain use cases.
Noting that such actions in the cryptocurrency industry, which is becoming increasingly popular with the younger generation, will significantly support the youth. ascetic He also said that KKMM is investigating ways to increase the participation of young people in the sector.
We hope the government can allow this. We’re trying to see how we can legalize it so we can improve and help young people engage in crypto.
In addition, the Deputy Minister cryptocurrencies your country the central bank and Securities CommissionHe stressed that it falls within his jurisdiction.
Some sources say that Zahidi is in Malaysia. legalize certain cryptocurrency transactions not, accepting cryptocurrencies as legal tender in the country he proposes.
Singapore-based cryptocurrency investment fund Three Arrow Capitalco-founder of Zhu WaterIn his post on Twitter, “Malaysian Ministry of Communications has proposed the adoption of cryptocurrencies as legal tender to assist the younger generation of active users of cryptocurrencies, especially in NFT trading platforms.” told.
Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz, As of early March, digital assets did not meet the universal properties of money. Bitcoin (BTC) and Ethereum (ETH) payments in cryptocurrencies such as illegal He said it once again.