# Malaysia crypto regulation From the Four Pillars Asia Digital Asset Policy Center. Cite as: Four Pillars Asia Digital Asset Policy Center, "Malaysia crypto regulation", reviewed 2026-10-05, https://policy.4pillars.io/malaysia. Free to reuse with attribution: cite "Four Pillars Asia Digital Asset Policy Center" and link to the page the fact comes from (each market has its own URL), and to the primary source where one is given. Terms: https://policy.4pillars.io/developers#attribution Page: https://policy.4pillars.io/malaysia Region: Southeast Asia. Last reviewed: 2026-10-05. > Malaysia regulates crypto as securities: five SC-registered exchanges, offshore giants shut out, and BNM piloting ringgit stablecoins. Malaysia decided early that crypto would live inside securities law rather than beside it. Bank Negara Malaysia (BNM) said in January 2014 that bitcoin is not legal tender, and in February 2018 it made digital currency exchangers reporting institutions under the anti-money laundering law. In December 2018 BNM and the Securities Commission Malaysia (SC) agreed that the SC would regulate token offerings and trading venues. The turning point came on 15 January 2019, when a ministerial order prescribed qualifying digital currencies and digital tokens as securities under the Capital Markets and Services Act 2007. Exchanges now needed SC registration as recognised market operators, and in June 2019 only Luno, SINEGY and Tokenize made the cut. The SC added regimes for initial exchange offerings and digital asset custodians in October 2020, then ordered Binance (2021), Huobi (2023) and Bybit (2024) to stop serving Malaysians. Today the market is small, onshore and growing. Five DAX operators were registered as of July 2026: HATA Digital, Luno Malaysia, MX Global, SINEGY DAX and Kinetic DAX. Trading on them reached RM17.14 billion in 2025, up 23% on 2024. Revised rules effective 20 May 2026 let exchanges list tokens without prior SC approval, but raised paid-up capital to RM15 million, require at least 80% of client assets in offline storage and ban privacy tokens. For builders, the open frontier is stablecoins and tokenisation, and BNM is running that track. Its Digital Asset Innovation Hub is testing a ringgit stablecoin for business settlement with Standard Chartered and Capital A, plus tokenised deposits at Maybank and CIMB, with policy clarity promised by end-2026. Tax is relatively light: there is no capital gains tax on crypto, but trading, mining and business gains are taxed as income. ### Snapshot - Exchange licensing: Comprehensive. Five SC-registered DAX operators under the CMSA; May 2026 rules raised paid-up capital to RM15 million - Stablecoin regime: Developing. No issuance regime yet; BNM is piloting ringgit stablecoins and promises policy clarity by end-2026 - Tokenisation & RWA: Developing. SC consulted on tokenised securities in 2025; Khazanah priced a RM100m tokenised sukuk pilot in 2026 - Retail access: Comprehensive. Retail may trade on SC-registered exchanges; Binance, Huobi and Bybit were ordered to exit Malaysia - Tax clarity: Partial. LHDN guidance: no capital gains tax on crypto, but trading, mining and business gains are taxed as income ### Quick answers **Is crypto legal in Malaysia?** Yes. Individuals can buy and sell crypto onshore through licensed providers. Retail may trade on SC-registered exchanges; Binance, Huobi and Bybit were ordered to exit Malaysia. Four Pillars rates retail access in Malaysia as comprehensive (reviewed 5 Oct 2026). **Who regulates crypto in Malaysia?** Three authorities shape crypto rules in Malaysia. SC (Securities Commission Malaysia): registers and supervises digital asset exchanges, IEO operators and digital asset custodians under securities law. BNM (Bank Negara Malaysia): central bank and AML/CFT competent authority; leads ringgit stablecoin, tokenised deposit and CBDC work. LHDN (Inland Revenue Board of Malaysia (Lembaga Hasil Dalam Negeri)): issues income tax guidance on digital currency transactions. **Do crypto exchanges need a licence in Malaysia?** Yes, under a dedicated regime. Five SC-registered DAX operators under the CMSA; May 2026 rules raised paid-up capital to RM15 million. The main licences are Recognized Market Operator registration: Digital Asset Exchange (RMO-DAX) from SC, held by 5 as of 20 Jul 2026; Initial Exchange Offering (IEO) operator registration from SC, held by 2 as of 5 Oct 2026; and Digital Asset Custodian (DAC) registration from SC, held by 3 as of 5 Oct 2026. Four Pillars rates exchange licensing in Malaysia as comprehensive (reviewed 5 Oct 2026). **Are stablecoins regulated in Malaysia?** Not fully yet: the regime is being built. No issuance regime yet; BNM is piloting ringgit stablecoins and promises policy clarity by end-2026. The most recent official text is Digital Asset Innovation Hub (DAIH) (Bank Negara Malaysia (BNM), 30 Jul 2026, guidance). Four Pillars rates its stablecoin regime in Malaysia as developing (reviewed 5 Oct 2026). **How is crypto taxed in Malaysia?** No capital gains tax; trading and mining gains are taxed as income. Four Pillars rates tax clarity in Malaysia as partial (reviewed 5 Oct 2026). **Can real-world assets be tokenised in Malaysia?** Not fully yet: the regime is being built. SC consulted on tokenised securities in 2025; Khazanah priced a RM100m tokenised sukuk pilot in 2026. Four Pillars rates tokenisation and real-world assets in Malaysia as developing (reviewed 5 Oct 2026). **What changed most recently in Malaysia's crypto rules?** 20 May 2026: Revised DAX rules take effect. The SC removed its prior concurrence for token listings and tightened capital, shareholding and custody rules. 28 Apr 2026: First tokenised sukuk priced. Khazanah, working with the SC, priced a RM100 million one-year tokenised sukuk pilot. **What should companies watch next in Malaysia?** BNM's promised clarity on ringgit stablecoins and tokenised deposits by end-2026, informed by the Digital Asset Innovation Hub pilots. A final SC framework for tokenised capital market products, following the 2025 consultation and Khazanah's RM100 million tokenised sukuk pilot. How the liberalised DAX listing framework works in practice, including any stablecoin listings, which need prior consultation with the monetary regulator. ### Key numbers - 5 SC-registered digital asset exchanges (as of 2026-07-20) - RM17.14bn Trading value on regulated exchanges in 2025, up 23% on 2024 (as of 2025) - RM15m Minimum paid-up capital for a DAX operator (as of 2026-05-20) - 80% Minimum share of client digital assets exchanges must keep offline (as of 2026-05-20) ### What to watch - BNM's promised clarity on ringgit stablecoins and tokenised deposits by end-2026, informed by the Digital Asset Innovation Hub pilots. - A final SC framework for tokenised capital market products, following the 2025 consultation and Khazanah's RM100 million tokenised sukuk pilot. - How the liberalised DAX listing framework works in practice, including any stablecoin listings, which need prior consultation with the monetary regulator. - DAX operators joining the Financial Markets Ombudsman Service in 2026, and further SC action against unregistered offshore exchanges. ### Regulators - **SC**, Securities Commission Malaysia: Registers and supervises digital asset exchanges, IEO operators and digital asset custodians under securities law. Malaysia's capital markets regulator under the Capital Markets and Services Act 2007. It licenses market intermediaries, approves securities offerings and enforces securities law. Regulates crypto as securities since the January 2019 Prescription Order and registers exchanges, IEO operators and custodians (5 exchanges as of July 2026). Its May 2026 rules let exchanges list tokens without its prior approval, and it ordered Binance (2021), Huobi (2023) and Bybit (2024) to stop serving Malaysians. - **BNM**, Bank Negara Malaysia: Central bank and AML/CFT competent authority; leads ringgit stablecoin, tokenised deposit and CBDC work. Malaysia's central bank. It sets monetary policy, regulates banks, insurers and payment systems, and is the competent authority for anti-money laundering law. Says crypto is not legal tender and since 2018 has treated digital currency exchangers as AML reporting institutions. Its Digital Asset Innovation Hub is piloting ringgit stablecoins and tokenised deposits with Standard Chartered, Capital A, Maybank and CIMB, with policy clarity promised by end-2026. - **LHDN**, Inland Revenue Board of Malaysia (Lembaga Hasil Dalam Negeri): Issues income tax guidance on digital currency transactions. Malaysia's tax authority. It assesses and collects income tax, real property gains tax and stamp duty, and issues public rulings and guidelines on how tax law applies. Its guidelines on digital currency transactions, second edition of December 2025, say gains are taxed as income only if they are revenue in nature under the badges of trade, and that crypto disposals fall outside capital gains tax. They also cover mining, crypto payments and airdrops. ### Licences #### Recognized Market Operator registration: Digital Asset Exchange (RMO-DAX) - Regulator: SC - Legal basis: CMSA 2007 s.34; Guidelines on Recognized Markets, Chapter 15 - Covers: Operating a platform for trading digital assets under the exchange model or the direct trade model. - Requirements: Locally incorporated with minimum paid-up capital of RM15 million; Shareholders' funds of RM5 million (RM7 million for direct trade) or 25% of annual operating costs, held in cash; At least one Institutional Corporation holding 5% or more with a board seat; directors complete the CMDP; At least 80% of client digital assets offline; an independent SC-registered custodian above RM500 million; Board-level listing assessments; privacy tokens banned; stablecoins need prior consultation with the monetary regulator; Reporting institution duties under AMLA and the SC's AML/CFT/CPF guidelines - Holders: 5 (as of 2026-07-20) - Notable holders: Luno Malaysia, SINEGY DAX, MX Global, HATA Digital, Kinetic DAX - Official register: - Page: https://policy.4pillars.io/malaysia/licences#lic-1 #### Initial Exchange Offering (IEO) operator registration - Regulator: SC - Legal basis: CMSA 2007 s.34; Guidelines on Digital Assets, Part C - Covers: Hosting fundraising by issuers through offers of digital tokens on an IEO platform. - Requirements: Malaysian-incorporated company with minimum paid-up capital of RM5 million; Due diligence on each issuer, its business proposition and white paper disclosures; Issuer raises capped at 20 times shareholders' funds per 12 months, up to RM100 million; Issuers must hold at least RM500,000 in paid-up capital and shareholders' funds; New registrations are currently closed - Holders: 2 (as of 2026-10-05) - Notable holders: Kapital DX, Pitch Platforms - Official register: - Page: https://policy.4pillars.io/malaysia/licences#lic-2 #### Digital Asset Custodian (DAC) registration - Regulator: SC - Legal basis: Guidelines on Digital Assets, Part D (issued under CMSA 2007 s.377) - Covers: Safekeeping of clients' digital assets and private keys on behalf of investors and intermediaries. - Requirements: Minimum paid-up capital and shareholders' funds of RM500,000 each, maintained at all times; Fit and proper directors and controllers; a responsible person with five years' industry experience; Secured storage, industry-standard key management and multi-factor authentication for transactions; Client assets segregated from the custodian's own, with accurate and up-to-date records; Security arrangements in line with the SC's Guidelines on Technology Risk Management - Holders: 3 (as of 2026-10-05) - Notable holders: CoKeeps, Gambit Custody, Jada Platform - Official register: - Page: https://policy.4pillars.io/malaysia/licences#lic-3 #### Capital Markets Services Licence (dealing in securities): digital asset broking - Regulator: SC - Legal basis: CMSA 2007; Practice Note 1/2026 - Covers: Licensed stockbrokers offering clients broking services in digital assets. - Requirements: Notify the SC in advance with a declaration validated by an auditor registered with the Audit Oversight Board; Source assets only from SC-registered exchanges or FATF-compliant regulated foreign platforms; Cash-upfront trades only; no margin, lending or discretionary trading; Client fiat and digital assets fully segregated, held with an SC-registered custodian unless the SC approves otherwise - Page: https://policy.4pillars.io/malaysia/licences#lic-4 ### Timeline - 2014-01-03: BNM says bitcoin is not legal tender. The central bank said it does not regulate bitcoin and warned the public about its risks. - 2018-02-27: Crypto exchangers become AML reporting institutions. BNM's Sector 6 policy document took effect, applying AMLA duties to anyone exchanging digital currency for money. - 2019-01-15: Crypto prescribed as securities. The Prescription Order brought qualifying digital currencies and tokens under the Capital Markets and Services Act 2007. - 2019-06-04: First three exchanges registered. The SC registered Luno, SINEGY and Tokenize as recognised market operators for digital asset exchanges. - 2020-10-28: IEO and custodian regimes take effect. Revised Guidelines on Digital Assets set rules for initial exchange offering platforms and digital asset custodians. - 2021-07-30: SC orders Binance out of Malaysia. The SC publicly reprimanded Binance and directed it to disable its website and apps for Malaysian users. - 2024-12-27: Bybit exits after SC enforcement. The SC reported that Bybit had complied with directives to shut its Malaysian-facing platforms and stop advertising. - 2025-06: BNM launches Digital Asset Innovation Hub. The hub was set up to test blockchain use cases such as ringgit stablecoins and tokenised deposits. - 2025-10-30: BNM publishes asset tokenisation discussion paper. The paper set out a co-creation roadmap from proofs of concept to live pilots and future policy. - 2026-02-11: Ringgit stablecoin and tokenised deposit pilots onboarded. BNM admitted Standard Chartered with Capital A, Maybank and CIMB into the hub for wholesale payment pilots. - 2026-04-28: First tokenised sukuk priced. Khazanah, working with the SC, priced a RM100 million one-year tokenised sukuk pilot. - 2026-05-20: Revised DAX rules take effect. The SC removed its prior concurrence for token listings and tightened capital, shareholding and custody rules. ### Primary sources - [Digital Asset Innovation Hub (DAIH)](https://www.bnm.gov.my/DAIH). Bank Negara Malaysia (BNM), 2026-07-30, guidance. BNM's testing platform for blockchain use cases, listing the ringgit stablecoin and tokenised deposit pilots and the tokenisation industry working group. Updated as at 30 July 2026. - [List of Registered Digital Asset Exchanges](https://www.sc.com.my/regulation/guidelines/recognizedmarkets/list-of-registered-digital-asset-exchanges). Securities Commission Malaysia (SC), 2026-07-20, in force. Official register of recognised market operators running exchanges, listing five operators as of 20 July 2026. It also names platforms barred from operating since 2019. - [Guidelines on Recognized Markets (SC-GL/6-2015(R14-2026))](https://www.sc.com.my/api/documentms/download.ashx?id=9e4d86cb-889d-412d-94ec-a19b8ac5f7d7). Securities Commission Malaysia (SC), 2026-05-20, in force. Chapter 15 sets the DAX regime: RM15 million paid-up capital, an institutional shareholder, operator-led listing assessments and at least 80% offline storage of client assets. The current revision took effect on 20 May 2026. - [SC Issues Revised Guidelines on Recognized Markets for Digital Asset Exchange](https://www.sc.com.my/resources/media/media-release/sc-issues-revised-guidelines-on-recognized-markets-for-digital-asset-exchange). Securities Commission Malaysia (SC), 2026-05-20, guidance. Explains the 2026 overhaul and reports RM17.14 billion of 2025 trading on regulated exchanges. It also notes action against four unregistered exchanges and plans to bring DAX operators into the Financial Markets Ombudsman Service. - [Khazanah Leads Malaysia's First Tokenised Sukuk Pilot in Collaboration with the SC](https://www.sc.com.my/resources/media/media-release/khazanah-leads-malaysias-first-tokenised-sukuk-pilot-in-collaboration-with-the-sc). Securities Commission Malaysia (SC), 2026-04-28, guidance. Records the pricing of a RM100 million tokenised sukuk under Khazanah's Sukuk Danum Programme. It is the first live test of tokenised debt in Malaysia's capital market. - [Guidelines on Exchange-traded Funds (SC-GL/ETF-2005(R6-2026))](https://www.sc.com.my/api/documentms/download.ashx?id=930a6a4d-4e81-4779-9e55-fc6cf023509d). Securities Commission Malaysia (SC), 2026-03-02, in force. The sixth revision, effective 2 March 2026, allows digital currency ETFs that track spot prices of eligible digital currencies. Assets must be bought through SC-registered exchanges or FATF-compliant regulated foreign platforms, and coins built to impede traceability are excluded. - [Digital Asset Innovation Hub Charts 2026 Strategy with Focus on Ringgit Stablecoins and Tokenised Deposits](https://www.bnm.gov.my/-/daih-upd). Bank Negara Malaysia (BNM), 2026-02-11, guidance. Announces three wholesale payment pilots for ringgit stablecoins and tokenised deposits in 2026. BNM commits to greater clarity on both by end-2026. - [Practice Note 1/2026: Offering of Broking Services for Digital Assets](https://www.sc.com.my/regulation/practice-notes/practice-note-12026-offering-of-broking-services-for-digital-assets). Securities Commission Malaysia (SC), 2026-01-30, in force. Lets stockbrokers holding a Capital Markets Services Licence offer digital asset broking after notifying the SC. It requires cash-upfront trades, no margin and full segregation of client assets. - [Digital Assets (SC overview and list of registered operators)](https://www.sc.com.my/digital-assets). Securities Commission Malaysia (SC), 2026, guidance. SC landing page listing registered DAX operators, IEO operators and digital asset custodians, with application routes. It notes that IEO registration is currently closed. - [Investor Alert List](https://www.sc.com.my/investor-alert-list). Securities Commission Malaysia (SC), 2026, guidance. Public list of unauthorised entities and websites, including a digital assets section. Investors are urged to check it before dealing with any platform. - [Guidelines: Tax Treatment on Digital Currency Transaction (Second Edition)](https://www.hasil.gov.my/wp-content/uploads/guidelines-tax-treatment-on-digital-currency-transaction.pdf). Inland Revenue Board of Malaysia (LHDN), 2025-12-05, guidance. Explains that gains are taxable only if revenue in nature, judged by the badges of trade, and that digital currency disposals fall outside capital gains tax. It also covers mining, payments received in crypto and airdrops. - [Discussion Paper: Asset Tokenisation in the Malaysian Financial Sector](https://www.bnm.gov.my/documents/20124/938039/Discussion_Paper_on_Asset_Tokenisation.pdf). Bank Negara Malaysia (BNM), 2025-10-30, consultation. Sets out BNM's exploratory stance and a three-year roadmap from proofs of concept to pilots for tokenised financial services. Feedback closed on 1 March 2026; BNM has not yet issued a policy in response. - [Public Consultation Paper No. 3/2025: Proposed Amendments to Guidelines on Recognized Markets (Digital Asset Exchange)](https://www.sc.com.my/api/documentms/download.ashx?id=ce90b551-9111-427b-b8e5-30be7eaa974f). Securities Commission Malaysia (SC), 2025-06-30, superseded. Proposed the liberalised listing framework and tougher financial, shareholding and custody rules for exchanges; comments closed on 11 August 2025. Superseded by the revised Guidelines on Recognized Markets in force from 20 May 2026. - [Public Consultation Paper No. 1/2025: Proposed Regulatory Framework for Offering and Dealing in Tokenised Capital Market Products](https://www.sc.com.my/api/documentms/download.ashx?id=5a9a10e2-5872-4b48-9ea3-5b9635cc5179). Securities Commission Malaysia (SC), 2025-05-06, consultation. Proposes how tokenised shares, bonds and funds can be offered and dealt in under existing securities law, separate from the digital currency and token regime. Comments closed on 16 June 2025; no final framework had been issued by October 2026. - [SC Takes Enforcement Action against Bybit for Illegally Operating DAX in Malaysia](https://www.sc.com.my/resources/media/media-release/sc-takes-enforcement-action-against-bybit-for-illegally-operating-dax-in-malaysia). Securities Commission Malaysia (SC), 2024-12-27, guidance. Reprimands Bybit and its CEO for running an unregistered exchange, an offence under section 7(1) of the CMSA. The SC reports that Bybit complied with orders to shut its Malaysian-facing platforms. - [Guidelines on Digital Assets (SC-GL/1-2020(R3-2024))](https://www.sc.com.my/api/documentms/download.ashx?id=ae96213d-e71b-4682-8ac6-127a6da558ea). Securities Commission Malaysia (SC), 2024-08-19, in force. Sets registration and conduct rules for IEO operators, token issuers and digital asset custodians. First issued in 2020, the current revision dates from 19 August 2024. - [Guidelines on Prevention of Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions for Reporting Institutions in the Capital Market](https://www.sc.com.my/api/documentms/download.ashx?id=34982547-10c6-4540-a4eb-d5ba9400db70). Securities Commission Malaysia (SC), 2024-06-13, in force. AML/CFT rules for capital market reporting institutions, including registered exchanges and other digital asset intermediaries. Last revised on 13 June 2024. - [Policy Document on AML, CFT, CPF and Targeted Financial Sanctions for DNFBPs and Non-Bank Financial Institutions](https://www.bnm.gov.my/-/pd-amlcftcpftfs-dnfbp-nbfi). Bank Negara Malaysia (BNM), 2024-02-05, in force. Consolidated BNM policy document that covers digital currency exchangers among other reporting institutions under AMLA. It took effect on 6 February 2024. - [Virtual Asset Risk Assessment (VARA) 2024: Executive Summary](https://www.sc.com.my/api/documentms/download.ashx?id=13d1e6d6-3148-4a85-8559-8db4a0049b8c). National Coordination Committee to Counter Money Laundering (NCC), 2024, guidance. Malaysia's national assessment of money laundering and terrorism financing risks from virtual assets and service providers for 2020 to 2022. It confirms onshore crypto exchange is treated as dealing in securities. - [SC Registers Two Initial Exchange Offering (IEO) Operators](https://www.sc.com.my/resources/media/media-release/sc-registers-two-initial-exchange-offering-ieo-operators). Securities Commission Malaysia (SC), 2022-03-23, guidance. Registers Kapital DX and Pitch Platforms as IEO operators. Issuers can raise up to RM100 million through digital token offerings on these platforms. - [BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa develop experimental multi-CBDC platform for international settlements](https://www.bnm.gov.my/-/project-dunbar-update1). Bank Negara Malaysia (BNM), 2022-03-22, guidance. Reports completion of Project Dunbar prototypes for cross-border settlement in multiple wholesale CBDCs. It anchors BNM's wholesale CBDC work. - [Financial Sector Blueprint 2022-2026: Digital currencies, a new frontier](https://www.bnm.gov.my/documents/20124/5915429/fsb3_en_box3.pdf). Bank Negara Malaysia (BNM), 2022, guidance. Sets out BNM's phased CBDC exploration, from cross-border and domestic wholesale CBDC to a possible retail CBDC. It frames how BNM weighs stablecoins and CBDC against monetary stability. - [SC Takes Enforcement Actions on Binance for Illegally Operating in Malaysia](https://www.sc.com.my/resources/media/media-release/sc-takes-enforcement-actions-on-binance-for-illegally-operating-in-malaysia). Securities Commission Malaysia (SC), 2021-07-30, guidance. Reprimands Binance and orders it to disable its website and apps in Malaysia and stop marketing to Malaysians. Investors were advised to stop trading on the platform and withdraw their funds. - [SC Registers Three Digital Asset Exchanges](https://www.sc.com.my/resources/media/media-release/sc-registers-three-digital-asset-exchanges). Securities Commission Malaysia (SC), 2019-06-04, guidance. Announces the first registrations: Luno Malaysia, SINEGY Technologies and Tokenize Technology. Unapproved exchanges were told to cease operations and return client assets. - [Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019](https://www.sc.com.my/api/documentms/download.ashx?id=b2c68efb-04aa-4624-a308-32064097aa6c). Minister of Finance, on the recommendation of the Securities Commission Malaysia (SC), 2019-01-15, in force. P.U.(A) 12/2019, in force from 15 January 2019 and amended by P.U.(A) 6/2025, prescribes qualifying digital currencies and digital tokens as securities. It is the legal hook for all SC regulation of crypto. - [Joint Statement on Regulation of Digital Assets in Malaysia](https://www.bnm.gov.my/-/joint-statement-on-regulation-of-digital-assets-in-malaysia). Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC), 2018-12-06, guidance. Allocates digital asset offerings and exchanges to the SC, while payment-function tokens must also meet BNM rules. BNM restates that digital assets are not legal tender. - [Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT): Digital Currencies (Sector 6)](https://www.bnm.gov.my/documents/20124/65312/20180515+-+PD+Digital+currency.pdf/7b78cbfe-96b5-b92c-f1a9-4c9fb21b80cf?t=1577084026315). Bank Negara Malaysia (BNM), 2018-02-27, superseded. First AML/CFT rulebook for crypto exchangers listed in Paragraph 25 of the AMLA First Schedule. Its requirements now sit in BNM's consolidated DNFBP and NBFI policy document. - [Statement on Bitcoin](https://www.bnm.gov.my/-/statement-on-bitcoin). Bank Negara Malaysia (BNM), 2014-01-03, guidance. States that bitcoin is not legal tender in Malaysia and that BNM does not regulate it. The public is warned to be cautious of the risks.