Malaysian government is reportedly still undecided whether to legalize crypto

The Malaysian government is reportedly still undecided whether to legalize cryptocurrencies, English-language local media New Straits Times reports on Jan. 12.

When answering a query about whether digital currencies are currently legal or illegal, Khalid Abdul Samad, the Malaysian federal territories minister, reportedly said:

At the moment, the answer is neither legal nor illegal as the situation is still unclear.”

Samad also pointed out that while he was involved in the launch of Harapan Coin (HRP) — a proposed political cryptocurrency — he wasn’t appointed as finance minister, noting that the the matter therefore does not fall under his jurisdiction.

Also read: South Korea’s government has added Blockchain to the fields of research and development eligible for a tax credit meant to boost innovation

Source: https://cointelegraph.com/news/malaysian-government-reportedly-still-undecided-on-whether-to-legalize-crypto