Malaysian government officials have come out to say they are still undecided on whether or not they will legalize cryptocurrency. The matter is still under consideration, which is frustrating those looking to seize the moment to help the Malaysian cryptocurrency industry grow.
As neighboring South East Asian nations such as Thailand, Singapore, and Hong Kong continue to regulate their crypto markets with one eye on greater adoption, Malaysia is lagging behind the forerunners on the sub-continent.
Malaysia is currently one of the few South East Asian nations not to have a clear and defined stance on digital currency at this moment in time. Nobody is quite sure when or if a decision will be made in the near future. And nobody is sure if crypto is legal or not.