Beginning Tuesday, Malaysian securities regulators will have the power to regulate digital assets and to encrypt currency transactions.
According to the Circular of the State Securities Commission (SC), the Capital Markets and Services Act (Securities) (Digital Currency and Digital Token) of 2019 will come into force after the announcement made by the Minister of Finance on the morning of January 15.
The Act means that token products and exchanges need SC approval before they start operating and must comply with national securities laws.
“Anyone who provides ICO or operates a digital asset exchange without SC approval is convicted and sentenced to imprisonment of not more than 10 years and a fine of not more than 10 million Malaysian ringgit ($2.44 million),” Finance Minister Lim Guan Eng said in a statement. The Star Online report.
The committee also said it would work with the central bank to issue a complete legal framework for digital assets by the end of the first quarter of 2019.
The Committee explained: “The guidelines will determine criteria and best practices for the appropriateness of issuers and exchange operators, price disclosure, trading rules and customer asset protection.”
The agency said that entities dealing with digital assets should comply with AML/CFT rules and “network security and business continuity measures”.
However, Lim adds, “We believe that digital assets can be used as alternative financing channels for entrepreneurs and new businesses, and provide alternative asset classes for investors.” The Star reports.
Last month, SC jointly explained with the National Bank of Malaysia, the central bank, that the purpose of the new regulation is to “place digital assets under the supervision of the securities law to promote fair and orderly transactions and to ensure that investors are protected.”
These statements are somewhat uncertain about the regulatory status of encrypted currencies, not ICO tokens.
“People ask me whether encrypted money and digital money are legal or illegal. At present, the answer is neither illegal nor illegal, because the situation is still unclear. Malaysia’s territorial minister Khalid Abdul Samad said in a report on Saturday.
Bitcoin and Crypto Markets Face New Support Levels Following Today’s Drop
Bitcoin has failed to stabilize above $3,600, which is leading the crypto markets to now face new levels of support. Today’s downwards move has led many altcoins to plunge 6% or more, and they are showing few signs of major buying support near their current price levels.
Analysts have mixed opinions regarding exactly where the markets will find support, but there is a general consensus that Bitcoin will find some buying pressure in the low-$3,000 region, which, if this level is to be touched, could result in a bounce.
ICO Funding Continues to Plummet Amidst Crypto Bear Market
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market.
The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018.
Dcoin will list CPT/ETH on 14th January，please pay attention to ！
Dcoin will be launched on Jan. 9 at MZK (Muzika)/ETH. The MZK/ETH transaction was officially opened at 15:00 on January 9.
Token symbol: MZK
Currency Introduction: https://cn.dcoin.com/currencyIntroduce/MZK
Dcoin will list GXC(Game X Coin)/ETH on 10th January. Details are as follows:
Learn about GXC(Game X Coin)
GXC is a universal currency for games.Gamers can tokenize their in-game currency and trade them for any other game’s currency without censorship or friction.Details
Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously.
10th January 2019
Since December 25, 2018, AUTO / ETH farewell to 10 consecutive days of continuous downward trend, began to rise shocks. After a few days of rise, although there was a sharp fall in the day, but soon swept away the haze, opened nearly 10 days of adverse upward trend. 1.7 Up Closing Day rose 300 points. As of 14:30 p.m. on 1.9 p.m., AUTO/ETH quoted 0.00002004, an increase of 3.35% today and a sustained increase of 40% in the past three days.
What is the world currency? If you play games, I’ll give them away! Just finished “Playing Game to Send LOCUS” Dcoin has opened a new wave Playing games and giving money free of charge You’re afraid you’re suspicious: Is the boss crazy? Such activities are probably rare in the exchange circle. Don’t be too busy and exciting. Attention should be paid to the qualifications. Only new users registered in 2019!!! Don’t use lean blue mushrooms. There are many activities. This time does not match. Next time. At present, Dcoin has held three times to participate in the small game coin delivery activities. The first was a tree-cutting game, rewarding up to 10 times as much as TMTG. An uncle with an axe chopped down trees by controlling the left and right buttons. The more chopped, the higher the score.
What is the world currency? If you play games, I’ll give them away!
Just finished “Playing Game to Send LOCUS”
Dcoin has opened a new wave
Playing games and giving money free of charge
You’re afraid you’re suspicious: Is the boss crazy?
Such activities are probably rare in the exchange circle.
Don’t be too busy and exciting. Attention should be paid to the qualifications.
Only new users registered in 2019!!!
Don’t use lean blue mushrooms. There are many activities. This time does not match. Next time.
At present, Dcoin has held three times to participate in the small game coin delivery activities.
The first was a tree-cutting game, rewarding up to 10 times as much as TMTG.
An uncle with an axe chopped down trees by controlling the left and right buttons. The more chopped, the higher the score.
As 2018 has come and gone, both individuals and businesses involved in the crypto industry have taken moments to look back at the tribulations and accomplishments experienced throughout the year.
A lot has happened in 2018 and giant crypto businesses everywhere are sharing their 2018 year in review accomplishments. One such year in review story that’s caught the attention of crypto enthusiasts, traders, and investors alike comes from Circle, the global crypto finance conglomerateCircle Trade executed more than 10,000 OTC trades, with nearly 600 distinct counterparties across 36 different crypto assets.
Liquidity is being provided to miners, exchanges, project developers, founders, venture capitalists, crypto funds, hedge funds, and family offices all around the world.
According to the latest official news, ONEROOT project will airdrop BXA (Blockchain Exchange Alliance) to RNT holders 1:1. Dcoin Exchange will support the airdrop.
ONEROOT official arrangements for the airdrop: the airdrop is divided into four phases, each phase to each RNT airdrop 0.25 BXA. The first snapshot will take place at the height of 7065500. According to the current network speed, it is estimated that the snapshot time will be 17:00 (GMT + 8) on January 14, 2019.
2018 is a year of ups and downs of block chain. In the generally depressed situation, today kills a black horse — RET (RealTract) / ETH, let Dcoin users shine.