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Regulating as Securities Malaysian Finance Minister Lim Guan Eng said on Monday that his country”will govern initial coin offerings (ICOs) and the trade of cryptocurrencies,” Reuters reported, including: An order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15, under the regulation of the Securities Commission Malaysia [SC]. The order is known as”the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019.” ICOs cryptocurrencies and their associated activities must comply with securities laws and be accepted by the commission, the minister explained. After Lim’s announcement, the Securities Commission Malaysia verified that it”will put in place guidelines to govern […]

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