Updates on Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019

Last week, the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 that took effect on 15 January 2019 raised many questions in Malaysia for blockchain and crypto players. The Minister’s Order, in force as of January 15, 2019, interprets “digital currency” and “digital token” and the conditions of when such are prescribed to be securities.

Since then, we’ve seen other follow-ups on this matter. Please find our favourite links below:

1. SC Malaysia Clarifies: A Crypto-Asset is Only A Security if Used in Specific Ways [source]
2. Silver Lining in The New Malaysian Ruling [source]
3. Statements from ACCESS Blockchain Association (M) [source]

 

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