News & Reviews:   cryptocurrency

Newly elected US President Donald Trump has launched his cryptocurrency called MEME TRUMP. He announced this through his official Truth account So, what should you know about it?

It looks like Malaysia won’t be recognising cryptocurrency as legal tender anytime soon as despite the urging to do so by the Ministry of Communications and Multimedia (K-KOMM). Previously, K-KOMM deputy minister called crypto ‘the future of finance’ and urged for the relevant authorities to held discussions in order to legalise it.

However, the proposal was unceremoniously turned down by the Ministry of Finance (MOF) confirmed that the federal government has no intention of recognising crypto as legal tender. This was asserted by the ministry’s first deputy minister, Shahar Abdullah in the Dewan Rakyat yesterday.

The Deputy Minister of Communication and Multimedia (K-KOMM), Datuk Zahidi Zainul Abidin has urged for the Federal Government to adopt cryptocurrency as legal tender in Malaysia. Claiming that crypto is ‘the future of finance’, Zahidi also said that his ministry will be looking into ways to increase youths' involvement in digital currencies.

The K-KOMM Deputy Minister made the statement in the Dewan Rakyat today in reply to a supplementary question from the Member of Parliament (MP) for Ledang, Syed Ibrahim Syed Noh. The latter asked K-Komm on the government’s stance on non-fungible tokens (NFTs) trading which are becoming more popular in our country.