The Malaysian central bank announced the end of the ban on Bitcoin

The central bank governor of Malaysia is accepting China's attitude towards Bitcoin. His presentation sparked widespread concern in the region as the fourth largest economy in Southeast Asia to try to reconcile infamous financial conservatism and radical financial change.

Malaysia: Fiscal Power The

Asian Financial Institute (AIF) organized the Ninth International Conference on Financial Crime and Terrorism Financing (ICFTF) in Kuala Lumpur, Malaysia, in 2017.

AIF is the China Central Bank, the Bank of Malaysia (BNM) and its regulatory body - Suruhanjaya Sekuriti Securities Commission publicity agencies.

ICFTF's keynote address was presented by BNM Governor Tan Sri Muhamma binIbrahim since 2016.

"The average annual growth rate of 50 years is 6.5%, if you can keep going to be more than Australia and France ... .."

The meeting advertised himself in the exploration of the current situation and new trends in financial crime and financial crime professionals expected Next-generation detection and technical capabilities to meet global and regulatory expectations.

In addition to Mr. Ibrahim of BNM, this year's ICFTF also lists negotiations for global law enforcement agencies, such as the US Department of Justice's Legal Adviser on Cybercrime in East Asia and the Pacific. In the middle of the plenary meeting, including major banks, international business and service providers also made speeches.

Such an August lineup is enough to prove that Malaysia has boarded the world financial arena.

The average growth rate for 50 years will reach 6.5%, which is economically more prominent than in Australia and France (the World Economic Forum's recent competition rankings).

"New bottle of old wine"

Therefore, we do not feel any strange place. The country sees a decentralized, unregulated currency as a potential force for half a century.

Before the official report on Bitcoin has been dismissive.

Before Ibrahim served as governor, BNM issued a notice in Malaysia in 2014 saying that "the central bank does not regulate the operation of Bitcoin, so it is recommended that the public be cautious about the risk of using such a digital currency ." "

Speaking is both direct and cautious, we do not support or protect, it seems that the country's official position.

Waiting for

Ibrahim to end the ICFTF's formal speech and soon to convene a press conference.

He said, "This (ban encryption currency ) is what we will decide before the end of the year."

Malaysia Insight reported the news that encryption currency is accepted to mean "to collect data, and make sure they do everything (manufactured) are Transparent. "

The tabloid reiterated that" the guidelines will deal with the risks associated with the financing of money laundering and terrorism in Malaysia ", which is now a very common rhetoric.

"Just wait," he grumbled. "It's only in October." In less than three months, we'll give you detailed information. "