Crypto News 

Malaysian Cryptocurrency Regulation to Classify Digital Assets, Tokens as Securities

“Malaysian cryptocurrency regulation comes into effect on Tuesday, Reuters reports on Monday, Jan. 14” writes Adrian Zmudzinski for cointelegraph.com. According to Reuters, the new regulation classifies digital currencies, tokens and crypto-assets as securities, placing them under the Securities Commission’s authority.The Malaysian finance minister, Lim Guan Eng, reportedly said today that the Capital Markets and Services Order 2019 would become effective on Jan. 15. Still, it has reportedly been clear since November of last year that Malaysia will enact regulations for cryptocurrency and ICOs in Q1 2019, as Cointelegraph reported at the time.Starting from Tuesday, any person operating unauthorized initial coin offerings (ICOs) or digital asset exchanges in Malaysia will be reportedly facing a 10-year jail sentence and a 10 million ($2.4 million) ringgit fine.
 
Source: cointelegraph.com



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