Tag Archives: Central

Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. Continue reading Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight

A new bill which will impact electronic wallets and digital payment tokens such as bitcoin has been tabled in Singapore’s parliament. The Payment Services Bill will place the providers of payment services that are not under the regulatory oversight of Money-Changing and Remittance Businesses Act and the Payment Systems Oversight Act under the umbrella of Singapore’s central bank, the Monetary Authority of Singapore (MAS). Continue reading Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight

Malaysia Central Bank has Final Say on Cryptocurrency Issuance

Malaysia has indicated that the country’s central bank has the last word regarding the introduction of new cryptocurrencies. According to the Minister of Finance, Lim Guan Eng, the country’s central bank Bank Negara Malaysia (BNM), will have to be consulted regarding cryptocurrency projects as the final decision rests with the apex bank. Continue reading Malaysia Central Bank has Final Say on Cryptocurrency Issuance

Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’. This is because the process of creating a central bank digital currency (CBDC) ‘is not easy’ and is time-consuming due to the complex nature of the monetary system. Continue reading Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years