Malaysia's digital monetary policy

1. Germany, Japan, Thailand, if you want to buy, you can go to dabit exchange

2. You have all been cheated. The government will not support you
at present, our government does not support any kind of digital currency, any kind of digital currency is not favored by the government, and it is impossible for the government to support or recognize any kind of digital currency. However, digital currency exists legally in China and is defined as a special Internet commodity
digital currency has indeed attracted the attention of the central bank, which also planned to issue digital currency. However, the digital currency that the central bank plans to issue is different from the encrypted digital currencies such as bitcoin, Ruitai and Laite.

3. Commonly used are the United States MSB, Estonia, Canada MSB, Australia austrac, which belong to the second category of high cost performance, Bermuda license is not clear, sorry.

4.

Bank of Malaysia: it does not recognize or prohibit the public from deciding on the future of virtual currency

the president of the National Bank of Malaysia, dansri Muhammad Ibrahim, said that the concept document of cryptocurrency will be finalized this month, and the future of the virtual currency will be decided by the public

he mentioned that Malaysia's response is slightly different from that of some countries that have decided to ban cryptocurrency. Malaysia will not ban cryptocurrency at present, but let the market decide the future of cryptocurrency. The key is that our country must understand what is inside it

however, on September 28, Dato Mohamad zabidi bin Ahmad, senior director and global head of CIMB, Malaysia's second largest bank, attended the launching ceremony of an exchange called "urcoin" and publicly expressed the bank's support for it

It can be seen from this that although Malaysia does not affirm digital currency as its legal tender, it has selected some projects to support it, observe its development and prepare for the future legislation

5. These so-called imported digital currencies are generally unreliable. They are mainly promoted by the marketing mode. In fact, they have no value. The so-called concept of their publicity does not exist. There is no technical support. It is just a digital game. And these coins will often play under the banner of an international or a company to cheat
it is suggested to pay more attention to the mainstream digital currencies such as bitcoin, Ruitai coin, Laite coin and vitality coin.

6. Hello,
it is recommended not to invest in order to avoid property losses,
the virtual currency set by private companies is not protected by legal recognition in China,
the state authorities can seal up the website at any time
welcome to exchange

7. Malaysia MBA has long been proved to be an international pyramid scheme. I've seen relevant news reports before. Users can query by themselves. It is recommended to stay away from it. If you don't understand digital currency, you should stay away from it. If you are interested, you should pay attention to some valuable digital currencies. For example, bitcoin, dogcoin, decent
needless to say, bitcoin has been widely recognized and accepted in the world. Dog Coin focuses on small rewards and charitable donations; Decent is a distributed content publishing platform based on blockchain technology.

8.

Compliance is the general trend of the development of the digital currency instry. Although the supervision of digital currency in various countries is becoming more and more mature and strict, it is good for the long-term development of the instry. Only by providing a qualified and standardized market for digital currency can the instry develop healthily and the participants can enter on a large scale, In addition to a developed country taking the lead in the standardized development of digital currency, a number of minority countries and archipelagos are also following. They are actively using digital currency to upgrade and transform the original economic system, and are standing out on the road to the future of blockchain era

Malaysia updated its legal framework in 2018 and adopted cryptocurrency regulatory rules,. According to them, exchanges, exchanges and organizations that convert non statutory funds are referred to as "reporting agents.". Control in this area is vested in the National Central Bank (the National Bank of Malaysia) and the Securities Commission, the main regulator. It must regulate relationships within the ICO framework and issue licenses for the exchange of cryptocurrency

The change of digital money market is not only influenced by its own growing mature factors, but also by national policies. Looking around the world, countries have different policies on digital money, ICO and exchanges, but also have different regulatory attitudes towards digital money, It also directly determines the settlement choice, survival and development of blockchain project parties and enterprises related to digital assets, and whether the assets of digital currency holders are protected by law

9.

extended information:

denomination of RM1000, RM100, RM50, RM10, RM5 and RM1 were issued for the first time from 1967 to 1972

From 1972 to 1976, from 1976 to 1981, the second and third new banknotes were issued, with the same denominations as the first

From 1982 to 1983, new banknotes were issued for the fourth time, with new denominations of RM500 and RM20 added

From 1986 to 1989, the fifth edition of banknotes was issued, with ringgit of 1000, 500, 100, 50, 20, 10, 5 and 1 denomination

The denominations of banknotes in circulation up to now are RM100, RM50, RM20, RM10, RM5, RM1 and mints of RM50, RM20, RM10, RM5. One ringgit is 100 cents