KUALA LUMPUR (Reuters) – Malaysia will settle the first coin offerings (ICOs) and the cryptocurrency trade, the finance minister said in a statement on Monday.
The minister said that an order to recognize digital currencies and digital tokens while the securities will come into force on January 15, according to the regulation of the Securities Commission Malaysia.
The commission is expected to launch a framework by the end of the first quarter, implementing "the relevant regulatory requirements for the issuance of ICOs and trade in digital assets to trade in digital assets in Malaysia," said the minister. of Finance.
Reporting by Liz Lee; Editing by Tom Hogue