KUALA LUMPUR: The Securities Commission (SC) is currently working on a cryptocurrency framework and hopes to launch it in the next few months. Its Chairman, Tan Sri Ranjit Ajit Singh, said the SC was working closely with Bank Negara Malaysia on it and would look at this area carefully to see the right framework that would be applied. He said the SC noted the growing interests of local investors in trading cryptocurrencies and digital assets. Ranjit said several exchanges, which were currently operating in the space of cryptocurrency trading, came to talk to the SC and once the framework was launched, the commission would be in the position to see which of those were registered. On the Bond+Sukuk information Exchange (BIX) which was launched today, he said, the platform would be a public utility and a cornerstone component of the overall bond and sukuk market infrastructure.

Source: New Strait Times November 06, 2017 07:30 UTC