It’s been a pretty busy year for countries looking to wrap their heads around virtual currency. While some are still in the process of weighing their pros and cons, others have put new regulations in place to help build consumer confidence and facilitate cryptocurrency exchanges. Here’s a look at some of the different approaches that governments around the world have taken to building frameworks for the future.
Malaysia: Malaysia is the most recent player to toss its hat into the cryptocurrency regulation game. Lim Guang Eng, Malaysia’s finance minister, announced that the country would be instituting regulations for cryptocurrency exchanges and initial coin offerings during his keynote speech at the 2018 SCxSC FinTech Conference. Like other countries that have launched similar efforts across the globe, Malaysia is attempting to use regulation to build confidence among investors and create new fundraising paths. The new rules are expected to be in place by the first quarter of 2019. Specifics are still unclear, but investors will be working under a framework established by the Bank Negara Malyasia and the Securities Commission.
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