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,