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Local regulators warn carrying out unlawful initial coin offerings is an offence

Mimi Sabreena 4:07:00 PM Informasi

KUALA LUMPUR (Jan 19): Malaysia's regulators today warned against the public's involvement in initial coin offering (ICO) schemes, saying it is an offence to carry on such activities without proper authorisation.

In a joint statement, the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) said such schemes may involve activities that are subject to laws administered by the two regulators.

The statement came amid warnings of a possible cryptocurrency bubble.

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