Malaysia is not recognising cryptocurrencies as legal tender due to "various limitations", says Deputy Finance Minister. — Bloomberg
Malaysia has no intention of recognising cryptocurrencies as legal tender, Deputy Finance Minister I 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, Mohd Shahar Abdullah said.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
