KUALA LUMPUR: Hot on the heels of Singapore-registered CopyCash Foundation ceasing its planned initial coin offering (ICO) in Malaysia, the Securities Commission (SC) and Bank Negara have jointly cautioned the public about ICO schemes which may involve activities that are subject to laws administered by both regulators.
As such, carrying on such activities without proper authorisation is an offense, the central bank and SC said in a joint statement.
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