Malaysian Central Bank Has No Plans To Regulate Bitcoin
Malaysia's Central Bank, Bank Negara Malaysia (BNM), joined others by publishing its own statement on bitcoin this week. The statement was similar to those issued in other countries of late, but probably the briefest we've seen from a central bank so far. An announcement, posted on the bank's official website, simply said: "The bitcoin is not recognised as legal tender in Malaysia. The Central Bank does not regulate the operations of bitcoin. The public is therefore advised to be cautious of the risks associated with the usage of such digital currency." There has been a flurry of similar....
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The Belgium Central Bank - aptly named the National Bank of Belgium - reportedly has no plans to regulate bitcoin in the foreseeable future. That's according to the Belgian Bitcoin Association (BBA_, who met with the central bank informally last Monday. In a statement produced by the Association and published by CoinDesk, the BBA said "There are currently no plans for new regulations in Belgium that would allow the [National Bank of Belgium] to take a more intervening stance - though future regulations to that effect cannot be excluded". It should be noted that due to the informal nature....
Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven Mnuchin hosted a discussion on Monday with finance ministers and central bank governors from Canada, France, Germany, Italy, Japan, the U.K., the European Commission, and the Eurogroup. The meeting was also attended by the heads of the International Monetary Fund (IMF), the World Bank, and the....
The National Bank of Belgium doesn't have any plans to regulate bitcoin further, according to the Belgian Bitcoin Association. Belgium's central bank met with the Association to discuss the digital currency last Monday, describing the meeting as "informal". "There are currently no plans for new regulations in Belgium that would allow the [central bank] to take a more intervening [sic] stance - though future regulations to that effect cannot be excluded," read a statement from the association. Thomas Spaas, a board member who represented the Belgian Bitcoin Association at the meeting, said....
Malaysia’s Central Bank has chimed in with a couple of other countries to issue policy statements on Bitcoin at the beginning of this new year. Bank Negara Malaysia said in an announcement on its website that it would not consider Bitcoin as legal tender, nor would it take any steps to regulate it. “The public is therefore advised to be cautious of the risks associated with the usage of such digital currency,” the statement read. This strongly mirrors the policy set forth by an announcement from Singapore’s central bank just before Christmas. The ramifications of this announcement are not....