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Deputy Minister of Communications and Multimedia (K-KOMM) Datuk Zahidi Zainul Abidin called on the federal government to accept cryptocurrency as legal tender in Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies and Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin on Monday suggested the Malaysian government legalize crypto to help the younger Malaysia's Ministry of Communications and Multimedia (K-KOMM) is reportedly batting for crypto and NFT legalization in the state. KUALA LUMPUR: The Ministry of Communications and Multimedia Ministry (K-KOMM) has proposed for non-fungible tokens (NFTs) and crypto mining activities to be legalised to help KUALA LUMPUR, March 21The Ministry of Communications and Multimedia Ministry (K-KOMM) has proposed for non-fungible tokens (NFTs) and crypto mining activities to be Malaysia’s Deputy Minister of Communications and Multimedia Datuk Zahidi Zainul Abidin put forward his intention to legalize digital currencies. Zahidi said the move would help the

Malaysia Ministry of Comms Pushes for Crypto and NFT Legalization: What You Need to Know

Malaysia's Ministry of Communications and Multimedia (K-KOMM) is reportedly batting for crypto and NFT legalization in the state, sparking significant discussion within the nation's financial and tech sectors. The proposal signals a potential shift in Malaysia's stance towards digital assets.

Deputy Minister Calls for Crypto Legalization

Leading the charge is Deputy Minister of Communications and Multimedia (K-KOMM) Datuk Zahidi Zainul Abidin, who has been vocal about the potential benefits of embracing cryptocurrencies and NFTs. Datuk Zahidi Zainul Abidin called on the federal government to accept cryptocurrency as legal tender in... and Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies. In fact, Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin on Monday suggested the Malaysian government legalize crypto to help the younger generation thrive in the evolving digital economy. His reasoning centers around the potential economic opportunities and benefits for younger Malaysians.

K-KOMM's Proposal: NFTs and Crypto Mining

KUALA LUMPUR: The Ministry of Communications and Multimedia Ministry (K-KOMM) has proposed for non-fungible tokens (NFTs) and crypto mining activities to be legalised to help boost the country’s economy. KUALA LUMPUR, March 21: The Ministry of Communications and Multimedia Ministry (K-KOMM) has proposed for non-fungible tokens (NFTs) and crypto mining activities to be... legalised. This indicates a broad approach that extends beyond just cryptocurrency as legal tender, encompassing the wider digital asset ecosystem.

Why the Push for Legalization?

Malaysia’s Deputy Minister of Communications and Multimedia Datuk Zahidi Zainul Abidin put forward his intention to legalize digital currencies. Zahidi said the move would help the... economy and create new opportunities. By legalizing crypto and NFTs, Malaysia aims to tap into the growing global market, attract investment, and foster innovation within the country.

Stay tuned for further updates as Malaysia continues to deliberate on this crucial decision regarding crypto and NFT legalization.

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