• Latest
Malaysia to Regulate ICOs as Securities Offerings from Tuesday

Malaysia to Regulate ICOs as Securities Offerings from Tuesday

January 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Malaysia to Regulate ICOs as Securities Offerings from Tuesday

coinnewsdaily by coinnewsdaily
January 14, 2019
in Business
0
Malaysia to Regulate ICOs as Securities Offerings from Tuesday
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Malaysia’s securities watchdog will have powers to regulate digital asset offerings and crypto exchanges as of Tuesday.

According to a notice from the country’s Securities Commission (SC), the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 will come into force on Jan. 15 following a statement from the finance minister this morning.

The prescription order means that token offerings and exchanges would require approval from the SC before starting operations and would have to comply with securities laws in the country.

“Any person offering an ICO or operating a digital asset exchange without SC’s approval may be punished, on conviction, with imprisonment not exceeding 10 years and fine not exceeding 10 million Malaysian ringgits [$2.44 million],” Finance Minister Lim Guan Eng said in his statement, according to a report from The Star Online.

The commission also said that it will work with the central bank to issue a full legal framework on digital assets by end of the Q1 2019.

The SC explains that “The guidelines will among others, establish criteria for determining fit and properness of issuers and exchange operators, disclosure standards and best practices in price discovery, trading rules and client asset protection.”

Entities dealing in digital assets will be required to comply with anti-money laundering and counter-terrorism financing (AML / CFT) rules, as well as “cyber security and business continuity measures,” the agency said.

However, Lim added that “In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternate asset class for investors,” according to The Star.

Last month, the SC and Bank Negara Malaysia, the country’s central bank, jointly explained that the new regulations are aimed to bring digital assets “within the remit of securities laws to promote fair and orderly trading and ensure investor protection.”

The statements leave some uncertainty over the regulatory status of cryptocurrencies as opposed to ICO tokens in the country.

“People have asked me if [cryptocurrency and digital currency] are legal or illegal. At the moment, the answer is neither legal nor illegal as the situation is still unclear,” Khalid Abdul Samad, the country’s territories minister, said in a New Straits Times report on Saturday.

Kuala Lumpur image via Shutterstock 

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Share76Tweet48
Previous Post

LedgerX Launches ‘Bitcoin Fear Index’ to Track Price Volatility

Next Post

How the US Government Shutdown Is Halting Crypto Progress on Wall Street

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
How the US Government Shutdown Is Halting Crypto Progress on Wall Street

How the US Government Shutdown Is Halting Crypto Progress on Wall Street

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,824.000.44%
  • ethereumEthereum(ETH)$1,754.41-0.65%
  • tetherTether(USDT)$1.00-0.52%
  • binancecoinBNB(BNB)$327.260.31%
  • rippleXRP(XRP)$0.459843-0.14%
  • cardanoCardano(ADA)$0.349573-2.25%
  • dogecoinDogecoin(DOGE)$0.073540-2.33%
  • matic-networkPolygon(MATIC)$1.08-1.20%
  • solanaSolana(SOL)$20.49-2.06%
  • polkadotPolkadot(DOT)$5.96-1.29%
  • litecoinLitecoin(LTC)$91.48-2.77%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.73%
  • tronTRON(TRX)$0.064068-0.40%
  • daiDai(DAI)$1.00-0.17%
  • chainlinkChainlink(LINK)$7.16-0.56%
  • cosmosCosmos Hub(ATOM)$11.14-1.40%
  • leo-tokenLEO Token(LEO)$3.40-0.69%
  • moneroMonero(XMR)$161.32-3.09%
  • ethereum-classicEthereum Classic(ETC)$19.97-1.45%
  • okbOKB(OKB)$41.840.69%
  • stellarStellar(XLM)$0.092611-0.33%
  • bitcoin-cashBitcoin Cash(BCH)$123.07-1.81%
  • filecoinFilecoin(FIL)$5.52-0.71%
  • crypto-com-chainCronos(CRO)$0.067898-2.22%
  • vechainVeChain(VET)$0.022627-1.64%
  • algorandAlgorand(ALGO)$0.206066-2.27%
  • internet-computerInternet Computer(ICP)$4.88-1.42%
  • eosEOS(EOS)$1.12-1.54%
  • elrond-erd-2MultiversX(EGLD)$42.17-0.81%
  • tezosTezos(XTZ)$1.12-0.76%
  • aaveAave(AAVE)$71.96-0.87%
  • theta-tokenTheta Network(THETA)$0.99-2.74%
  • neoNEO(NEO)$12.654.67%
  • paxos-standardPax Dollar(USDP)$1.00-0.61%
  • havvenSynthetix Network(SNX)$2.42-0.22%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.72-0.42%
  • bitcoin-cash-svBitcoin SV(BSV)$36.13-1.73%
  • dashDash(DASH)$57.35-4.41%
  • makerMaker(MKR)$663.45-1.50%
  • huobi-tokenHuobi(HT)$3.66-0.50%
  • iotaIOTA(MIOTA)$0.207169-1.43%
  • zilliqaZilliqa(ZIL)$0.027028-1.48%
  • zcashZcash(ZEC)$35.65-0.50%
  • basic-attention-tokenBasic Attention(BAT)$0.239627-2.43%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038706-1.48%
  • qtumQtum(QTUM)$3.131.00%
  • kusamaKusama(KSM)$33.10-0.72%
  • compound-governance-tokenCompound(COMP)$41.55-2.48%
  • bitcoin-goldBitcoin Gold(BTG)$16.08-1.91%
  • yearn-financeyearn.finance(YFI)$8,320.38-0.81%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.78-3.24%
  • golemGolem(GLM)$0.234782-1.51%
  • wavesWaves(WAVES)$2.12-1.04%
  • sushiSushi(SUSHI)$1.04-1.42%
  • ontologyOntology(ONT)$0.226166-0.96%
  • digibyteDigiByte(DGB)$0.009597-0.04%
  • umaUMA(UMA)$2.176.68%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%