ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

No Ban On Cryptocurrency, Says Malaysian Official




Malaysia’s deputy finance minister has clarified the country’s position on cryptocurrencies. There will not be a blanket ban against crypto.

Local media is reporting that the Malaysian deputy finance minister, Datuk Seri Johari Abdul Ghani, has said that his nation will not make cryptocurrencies illegal and that regulations are still being considered.

"Financial innovation will not only enhance productivity of economic activities, but also make financial intermediation more seamless," Johari told The Malaysian Reserve, going on to say, "This is particularly relevant to recent innovations like bitcoin."

Contrary to more stringent positions taken by other countries, Johari's comments depict a measured approach to cryptocurrency. He hopes that Malaysia can reap the economic benefits that come with the technology while minimizing associated risks to consumers.

While the Bank Negara Malaysia (BNM) doesn't currently have crypto trade regulations in place, authorities are collecting information in order to make educated decisions on how to best protect the public without stifling innovation.    

"The government is fully aware of the need to strike a balance between public interest and integrity of the financial system," Johari continued, "similar to any financial and investment schemes, there is a need to have proper regulation and supervision to ensure any risk associated with such schemes are effectively contained."

Johari further stated that BNM will be working to ensure that digital currency exchanges will report suspicious transactions and comply with Know-Your-Customer requirements.

Johari's overarching emphasis was that all FinTech innovations, such as cryptocurrencies and electronic wallets, should be included in Malaysia's digitalization roadmap. 

Jordan Daniell

Jordan Daniell has a passion for techno-social developments and cultural evolution. In his spare time, he enjoys astronomy, playing the bagpipes, and exploring southern California on foot. Jordan holds value in Ether.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Malaysia, cryptocurrency or other Ethereum law and legislation news.