Malaysian banks are forming a common blockchain application
The Central Bank in Malaysia has come up with various policies for the customers dealing with crypto exchange purchases. This is to use Customer ID in the transactions to mitigate the risks associated with digital currencies.
Bank Negara Malaysia (BNM), which is the Malaysian Central Bank, has planned to issue a directive to regulate the use of digital currencies in the country in early 2018.
Securities Commission of Malaysia plans to set up regulations a regulation framework for digital currencies.