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So, who's keeping an eye on the crypto space in Malaysia? Primarily, it's the **Securities Commission Malaysia (SC)** and the **Central Bank of Malaysia (Bank Negara Malaysia or BNM)**. The SC is the main regulatory body for the securities market, and that includes digital assets. They're the ones setting the rules for digital asset exchanges and overseeing the ICO (Initial Coin Offering) space. BNM, on the other hand, is the central bank and is mainly concerned with financial stability and anti-money laundering. They play a significant role in ensuring that crypto activities don't destabilize the financial system or facilitate illegal activities. The SC has issued guidelines on digital assets and has been actively engaging with the industry to understand the evolving landscape. They are constantly updating their regulations to keep up with the fast-paced world of crypto. BNM has also issued various statements and guidelines concerning cryptocurrency, mainly focusing on risks associated with crypto usage. The main point here is that these two regulatory bodies are the ones you need to watch out for. They're the ones setting the rules, and you'll want to make sure you're compliant to avoid any issues. Keep an eye on the SC and BNM websites for the latest updates and any new regulations.
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