Is crypto a threat in Malaysia?

Crypto's rapid growth in Malaysia shows no signs of abating, especially among the young and digitally savvy. This will further draw the attention of both regulators as well as bad actors, who are ready to penetrate lax security infrastructure or customer lapses.

Will Malaysia become Asia's next crypto hub?

Prices: Bitcoin (BTC), ether (ETH) and other major cryptos decline. Insights: Malaysia has the ingredients to become Asia's next crypto hub. Technician's take: BTC appears to be oversold on intraday charts, although momentum has weakened. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.

How big is crypto adoption in Malaysia in 2021?

CRYPTOCURRENCY adoption in Malaysia has undeniably grown over the past year, with about RM21 billion in digital assets traded in the country in 2021, according to the Securities Commission (SC). REUTERS/Dado Ruvic/File Photo

Will Malaysia recognize cryptocurrencies as legal tender?

Malaysia has no intention of recognizing cryptocurrencies as legal tender, Deputy Finance Minister I Mohd Shahar Abdullah said in parliament on Thursday. “Cryptocurrencies like Bitcoin are not suitable for use as a payment instrument due to various limitations,” which include price swings and exposure to cyber threats, he said.