Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2020-01-16 20:12:45

Malaysia bans ICOs; gets strict with IEOs

Malaysia bans ICOs in the latest ruling released by the Malaysian Securities Commission. The commission has recommended banning ‘Initial coin Offerings’ and regulates the ‘Initial Exchange Offerings’ through a series of checks. Malaysian authorities are undertaking sweeping changes to the country’s unorganized crypto sector. The Asian country has a thriving crypto market constituting of many international and national crypto players. So, when Malaysia bans ICOs, it will surely impact the Asian crypto sector. Malaysia bans ICOs to regulate an unorganized sector Malaysian Securities Commission released new guidelines on 15th January 2020, where it clearly stated that ICOs are illegal. Also,

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer