The Malaysian government is regulating initial coin offerings (ICOs) and cryptocurrency trading. According to a statement issued by Lim Guan Eng, the country’s Minister of Finance, launching unauthorized ICOs or participating in the exchange of digital goods could result in a 10-year jail term and a $2,4 million (RM 10 million fine). The order, which will acknowledge digital currencies and tokens as securities, will be enforced on January 15 by the Securities Commission Malaysia. In his statement, the Finance Minister said: “The Ministry of Finance (MOF) views digital assets, as well as its underlying blockchain technologies, as having the potential…
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Malaysia set to impose harsh new ICO and cryptocurrency laws
Source: The Next Web
