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While most country officials are progressively listing out reasons explaining why cryptocurrencies must be stopped from entering onto their mainland, Malaysia plans to give it a try, by keeping its better side upfront.
Let public be the better judge of cryptocurrency adoption
“Basically, we will let the Cryptocurrency promoters including Bitcoin, Ethereum and ripple to be more transparent, the methods to be more transparent and people behind the scene are to be more transparent too. By doing so, the public can decide on its own if they want to invest in cryptocurrencies.”
– Muhammad Ibrahim, governor of Malaysian central bank.
It was in the course of question and answer round on the eve of 40th-anniversary dinner of Harvard Business School Alumni Club of Malaysia, when Muhammad Ibrahim, the Governor of Malaysian Central Bank declared the above statement.
While Mr Muhammad is pretty sure that cryptocurrencies aren’t provided with the recognition of fiat currency by the country’s central bank. He certainly plans on providing an open stage, and let the market decide the future of the same in the country. During the same anniversary feast, he even publicised that a notion paper on cryptocurrencies shall be completed soon which will serve the community with the supremacy to resolve how they desire to move forward with this constantly embryonic marketplace of diversity.
