Such stratospheric gains and its anti-establishment mission as an open currency not tied to any government or central bank has captured the market’s attention and made it a subject of great divide. There are four digital currency exchanges providing services in Malaysia with a combined monthly transaction volume of RM75mil. This doesn’t mean that Bank Negara is trying to regulate the industry, nor is it recognising bitcoin or any other digital currency as a legal method of payment in Malaysia. He pointed out that there are four active digital currency exchanges offering services in Malaysia – Luno, CoinHako, XBit Asia and PinkExchange. “But we are always working closely with relevant authorities on the matter, especially if it involves conversion between digital currency and fiat money,” said Abdul Rasheed.

Source: The Star December 16, 2017 00:00 UTC