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In Malaysia, buying and owning crypto is legal, but it is not considered legal tender by the federal government. The country does not recognize cryptocurrency as a payment instrument, but rather as a security under the Prescription Order 2019.
Currently, the Securities Commission Malaysia (SC) is actively developing a framework for digital assets, including public consultation on tokenized capital market products.
Time of Major Crypto Regulations in Malaysia
June 30, 2025 – Public Consultation Paper No 3/2025 (“CP 3/25”)
- The Securities…
