KUALA LUMPUR: Malaysia has emerged as one of the top 10 crypto-friendly destinations for digital nomads and companies, said Digital Minister Gobind Singh Deo. Gobind said Malaysia must continue embracing emerging technologies such as blockchain and artificial intelligence (AI) to create new value propositions. "Experts predict that blockchain technology will be a significant driver of economic growth for Malaysia. Gobind also noted that the Securities Commission of Malaysia has introduced guidelines to regulate digital asset exchanges under the Recognised Market Operator (RMO) framework. The guidelines ensure that Malaysians can access and trade tokens created by blockchain technology legally in a safe and compliant environment.

Source: The Star August 01, 2024 12:05 UTC