No Ban On Cryptocurrency, Says Malaysian Official

Local media is reporting that the Malaysian deputy finance minister, Datuk Seri Johari Abdul Ghani, has said that his nation will not make cryptocurrencies illegal and that regulations are still being considered.

"Financial innovation will not only enhance productivity of economic activities, but also make financial intermediation more seamless," Johari told The Malaysian Reserve, going on to say, "This is particularly relevant to recent innovations like bitcoin."

Johari told the news source:

"It is not the intention of the authorities to ban or put a stop on any innovation that is perceived to be beneficial to the public."