Shan advised investors in Malaysia to stay away from Bitcoin, saying that the chances of losing money are fairly high. “Recently the United Kingdom regulators have warned investors to stay away from bitcoin. Last week, Bank Negara announced that Malaysia had recorded RM75 million transactions monthly from four digital currency exchanges in the country. Its deputy governor Abdul Rasheed Ghaffour said digital currency exchanges here providing the services were Luno, CoinHako, XBit Asia and PinkExchange. He said Bank Negara would meet cryptocurrency exchanges this week, noting that the global market capitalisation of digital currency stood at US$420 billion.

Source: New Strait Times December 26, 2017 02:26 UTC