27 February 2018

Bank Negara Malaysia issues policy document for digital currencies

Bank Negara Malaysia (“the Bank”) has today issued the Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6) which has taken into account feedback received during the public consultation period on the exposure draft released on 14 December 2017. The policy aims to ensure that effective measures are in place against money laundering and terrorist financing risks associated with the use of digital currencies and to increase the transparency of digital currency activities in Malaysia.

What does the policy states ???