Malaysia may regulate cryptocurrency
Bank Negara Malaysia is in the process of drafting cryptocurrency regulations. The governor of the central bank Muhammad bin Ibrahim said the central bank wants to develop rules for those trading and exchanging cryptocurrencies. That process would also involve the reinforcing of existing regulations on money laundering and terrorism financing, he said. It is not clear, however, what shape those regulations will take, or whether other regulatory bodies will take part in the process. The move represents a shifting stance on the part of the central bank, which said in early 2014 that it does not regulate the operations of bitcoin.