Cryptocurrency Bank Negara Malaysia

The use of bnm logo and jata negara on the proposed physical coin design white paper and website https www coinzer co are unauthorised.

Cryptocurrency bank negara malaysia. A study published by bank negara malaysia in september explores the implications of a bank negara malaysia cryptocurrency or as the report calls it. Cryptocurrency is a nascent stage but if it gains more commercial traction countries might consider issuing a sovereign cryptocurrency as a safe alternative to counter the use of decentralised cryptocurrency. Bnm would like to state that it does not authorise or endorse the cryptocurrency platform called coinzer. A central bank backed digital currency.

Instead it should be a complement to cash and bank deposit. Members of the public are advised to exercise caution and carefully evaluate the risks associated with investment in digital currencies. This follows our report issuance of the policy paper titled anti money laundering and counter financing of terrorism policy for digital currencies sector 6. A central bank digital currency cbdc if introduced is unlikely to replace cash transactions any time soon.

Bank negara malaysia has published the list of cryptocurrency exchanges in malaysia that has registered itselves as a reporting entity with the regulator. It basically decrees malaysians can. After a long wait bank negara finally issued a cryptocurrency guideline in malaysia in february. Bank negara malaysia today issued the following faqs and guidances to provide further clarification on the requirements in the revised anti money laundering countering financing of terrorism and targeted financial sanctions aml cft and tfs policy document that was issued on 31 december 2019 and came into force on 1 january 2020.