Securities Commission Malaysia (SC) is working closely with Bank Negara Malaysia (BNM) to come out with a framework on cryptocurrency, and expects to launch it in the next few months, The Edge Markets reported.
“Different positions have been taken by different regulators around the world, but SC wants to ensure recent developments in its global network are weighed properly,” SC chairman Tan Sri Ranjit Ajit Singh told reporters at the sidelines of Synergistic Collaborations by SC (SCxSC) Digital Finance Conference 2017.
He said the SC notes the growing interests of local investors in trading cryptocurrencies and digital assets.
“Therefore, the SC will review relevant regulations and guidelines to facilitate functional and effective use in cases of digital assets in the capital market, including secondary market trading of established crypto currency and digital assets,” he said.
Ranjit said SC will have the appropriate cryptocurrency posture and framework that will allow some qualified cryptocurrency exchanges.