• Sun, 17 Feb 2019, 04:35 PM
  • All times are UTC
  • Edition:
    International
Link copied

Securities Commission Malaysia likely to launch crypto and ICO regulatory framework by Q1 2019

Photo: The Star

Tue, 15 Jan 2019, 04:16 am UTC

The Securities Commission Malaysia (SC) has announced its plans to implement guidelines to regulate the trading of cryptocurrencies and initial coin offering (ICO).

The announcement follows the recent statement from the Minister of Finance YB Tuan Lim Guan Eng that the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 will go into effect on January 15, 2019.

Guang Eng had said that digital currencies and digital tokens – collectively called ‘digital assets’ – as defined in the order were prescribed as “securities” and would be regulated by the SC.

In its official release, the SC said that the guidelines would establish the 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.”

“Those dealing in digital assets will be required to put in place anti-money laundering and counter-terrorism financing (AML / CFT) rules, cyber security and business continuity measures,” it added.

With the Prescription Order coming into effect, the SC said that the offering of digital assets and related associated activities will require its authorisation and compliance with relevant securities laws and regulations.

“The relevant regulatory framework is expected to be launched by end-Q1 2019,” the SC added.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,625.34 (-0.28%)
  • Ethereum (ETH) $126.34 (+2.29%)
  • XRP (XRP) $0.300400 (-0.64%)
  • Litecoin (LTC) $43.31 (-1.22%)
  • EOS (EOS) $2.81 (-1.01%)
  • Bitcoin (BTC) $3,625.34 (-0.28%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft