News & Reviews:   ministry of finance

The Ministry of Finance (MOF) has revealed that as of 31 January 2025, there’s a total of RM12.7 billion in unclaimed money in Malaysia. The Ministry elaborated that this figure is based on what was recorded by the Accountant-General’s Department (AGD).

The digital era is a very fascinating time. Previously, it was easy to differentiate between scammers and the real deal. These days, that is becoming quite an issue. If you happened to receive any texts offering “Bantuan Tambahan STR 2023” with a link attached to it, that is a scam.

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.