Malaysia licenses NFTs

The Ministry of Malaysia has proposed to start licensing NFT to boost the number of young people participating in the crypto space. The minister noted that crypto activities are managed by the financial authorities, Bank Negara Malaysia, and the Securities Commission of the country. And now, they are exploring various ways to improve the segment of virtual assets for youth. At first, the minister wanted to accept cryptocurrency as a legal means of payment, but the decision was cancelled for some reason.

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