The Ministry of Communications and Multimedia Malaysia (MCMC) endorsed that the government adopt cryptocurrency because the younger generation is using it especially to buy and trade non-fungible tokens NFTs.
All of these are under the purview of Bank Negara Malaysia and the Securities Commission.
We hope the government will allow and legalise this so that we can increase the youth’s uptake of cryptocurrencies.Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin.
He added that his ministry will put any effort into increasing the youth’s involvement in the highly speculative digital currency.
Zahidi said this in response to a supplementary question from Syed Ibrahim Syed Noh (Ledang-PH) in Dewan Rakyat.
Syed Imrahim queried on the government’s stand on trading on NFT platforms.
Although Zahid’s answer does not entirely fit Syed’s Imrahim’s question, it just so happened that the finance minister – someone who actually has a say in the matter – had already commented on cryptocurrency a little more than a week ago in the same Dewan Rakyat.