Malaysia to Regulate ICOs as Securities Offerings from Tuesday By CoinDesk


© Reuters.

Malaysia’s securities watchdog will have powers to regulate digital asset offerings and crypto exchanges as of Tuesday.

According to a notice from the country’s Securities Commission (SC), the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 will come into force on Jan. 15 following a statement from the finance minister this morning.

The prescription order means that token offerings and exchanges would require approval from the SC before starting operations and would have to comply with securities laws in the country.

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